I think bitcoin is done here for a while. Everyone is waiting for a trend, that means there would be "zig-zag" correction, with extremums in both sides.
For investors i'd recommend to wait for 4-6 months and buy when the price is in the "green box" zones.
I think the profit taking time comes a bit earlier...
the last days of December will be the:
1) Profit taking of Trump rally
2) Thinking of January 2016 "The Big Short" coming back.
Thats not good for long. And check out the 79% bulls sentiment that we hit yesterday.
thats why i think 2220 to be triggered soon to ...
FOMC game changer.
I expect that the rate will be hiked 1 time - according to the market.
But with all that Yellen will tell that rising dollar is "scary" thing and Fed will not hike rates fast and will need time to see how the market behaves.
Thats why banks/financials (one of the reasons why S&P is growing) will ...
Never predict how the oil going to behave. its useless wasting of time.
But if you do - try to make it most unbelievable way. So people call you crazy bastard.
i've opened the small sized short in one of the account, with SL over 48.
i'll add to short at 47.
Plus i'm playing this with Jan'17 40 puts (small ...
S&Pis falling. Everybody is scared. Of what? I guess they couldn't explain it. Elections, they say.
But it doesnt change anything. Really.
Only 15% bulls in sentiment. That usually brings us a reversal in a few days (but not always)
As soon as VIX will show a nice retracement, the market will pop. I assume it will ...
This has still BIG chance to be a BULL trap, but thanks to FED we have unlimited money and potential HIGHEST RECORD GROWTH in OIL.
BIG MONEY WILL ENTER OIL + 150 000 of Shorts will be squeezed
Enter from CURRENT LEVELS AGRESSIVELY, and put the STOPS to 44.5 level