grey chart is last march purple chart is today. last year we saw a nearly identical pattern to end march with a little sell off, before resuming a very powerful uptrend. curious if we'll see the algos repeat history this time around. i'm quite bullish, but when both vix and spy stay green all day - that's a red flag in my eyes. stay cautious, just in case.
Everyone and their uncle expects the market to just crash, exactly as it did last year lol... That's precisely why I don't think that it will. There are Way too many bears right now, and until they are all shaken out, the market will continue to do funny things. I love to entertain both sides of the story, but I just can't see a crash happening right now. ...
right before the covid crash, we saw a pre-dip in spy it took 21 days from the bottom of this "pre-dip" until the very peak from where the market crashed. this year, we saw this same "pre-dip", with the same bearish divergence on the daily leading up to it. tomorrow is day 21 from the bottom of the pre-dip. is history going to repeat itself? and if so, can it...
always trying to see things through a different perspective. long when everyone is short, short when everyone is long wish me luck xD
52652.82 bullish invalidation - stops on the other side of it. pt: 69k break this black line, and btc flushes down to 44k
here's the bull case for the next few years ahead i honestly believe this is 100x more likely than the bear case. ~markets can stay irrational longer than you can stay solvent - John Maynard Keynes
After a lot of contemplation, I think this is what we're going to see. We have a very clean back test of the bearish channel - and we've a clear algo target sitting over head at 4068.50 What we have here on a larger degree is an irregular flat... Which is a 3-3-5 correction -Wave A was a w-x-y for the initial "covid crash" last year. -Wave B is what we're...