worthed to try a small long into year end... if it gets to 4930/40 I wd take profits intraday... no need to fomo and keep holding if we get a nice run next couple days... trend is up but nothing seemingly making it accelareted for now!
target 3580, need to trade below previous low... looking to buy back if 3500 can hold as support. still going up mid term
so far the blue channel has been holding, but price still below the mid line. If channel lost, next area of interest is the yellow deviation... I see a possibility for a topping process or a sideways consolidation for a while to form...
clear 4 bases of a parabolic run and bust! below current channel comes next at around 920/80 ( around the breakout zone of early January and a likely target therefore).
perhaps a few days sideways to up followed by a sharper decline is on the brew!
$spx is entering a correction soon... expect a sideways down drive over some weeks
I've publishing ideas about a potential blow off top... it's a bit early to tell, but if you start seeing this path play, then you know what's coming our way!
This is the current outlook for SPX ... one last dip, a parabolic run to a local (or longe term ?!?) TOP and a forthcoming 20% correction. Short the near coming spike, long the dip up till 5k or near. (beware LP shenannigans, if we see a hard rejection at 4470/4480 and a fast dip to 44390/4412 area, this is IMO not the end of this spike yet... this current...
Been looking for a parabolic blow off top on $spx. short here, long near July's lows. after blow off expect about 20% (ca. 4000 $spx)sharp drop to reset. Bull market likely ensues from there on
Swing shorting this FOMO right here... Carl Ichan is about to get royally fucked!
Another warning sign in crypto markets is $btc doing corrections within corrections during "price-discovery" bull runs, while previously it only did so while consolidating below previous ath's... this suggests the "discovery" is likely done for the time being! correction within correction circled pink, below previous ath's in the 1200's
We have a nice confluence of the very long term rising channel, the previous medium term falling channel and the 144 weekly Ma. Since this is crypto never discard such moves, though one might want to start looking for scaling into longs before such low prices, given certain conditions...
bitcoin doing what it does best: tricking bull and bear alike!
title says it all... 1. this is a time to sell, not to buy... there's no offer here... sell all spot and, if willing to short, use cme or cfd contract, or some crypto broker that allow you to use stable coin (bewary of some "stable" coins)... 2 accumulate in 900-450 range. 3 forget about it for a few years.
wait for tag of trendline or scale in short below... stops above 1st high... Price is above 200 day ma, this is a counter trend trade, so better to start small and add along if it works. targets shown below... beware of 200d ma , and how it behaves 'round there to access the trade's probabilities.
Just a crab... not a blind short call, still been wary of a correction to come soon, as long as these recent highs not taken meaningfully the potential for a dive (and likely a fast one is here).