Here's my short thesis on BTCUSD. It is just simple sentiment and price analysis of the bull run, which Bitcoin has been in since March. I think Bitcoin is ready to top out for intermediate period and pull back to 13000 level. It is such a perfect spot to trap and catch people, who are looking for breakout and possibly all time highs, off guard.
I hope many of you have been prepared for a pull in the indexes. The whole move lower right now is fueled by the fact that nobody owns protection into November, which is crazy considering there are elections coming, and now suddenly all the fund managers and retail crowd are slowly starting to realize it. The correction is very much needed to let some...
Right off the bat, I'm gonna mention that the market has changed during the last few weeks. All the retail and hedge fund crowd have suddenly started to buy into the rally, which they couldn't do for the past 6 months. Also I hope ya'll have seen the P/C ratios and volumes that have gone absolutely bonkers and made new records never seen before day after...
My thesis is that gold is going to rally to around 2200 level, which is going to be an intermediate timeframe top. There are quite a few fundamental reasons like COVID-19 and extra stimulus, which support this thesis fundamentally. I think that gold is going to factor all these fundamental problems in by early 2021, pricing gold around 2100-2200. Also I'm...
The idea behind this trade is quite simple and has an insane risk reward of around 15x (the kind of setup I love to trade). Gold has had a crazy run this year and it's still quite overextended on the monthly timeframe.
Also for you TA freaks you can see a breakout from a "triangle". Just something to also take...
I've been mainly trading ES and NQ for over a year now. Mostly I love to swing shorter term with options/futures contracts, but also sometimes scalp when the opportunity exists. Just giving a heads up that I'm also an degenerate who thinks, its possible to top/low tick the market quite often and I've had some success doing it.