So, this chart is very dependent on how legacy markets perform in the next few weeks.
The correlation has been insane the past week. No volume outside of US open hours.
IMO, there's no reason to be bearish just yet. Weekly market structure is already broken, which mean that the rangeplay might become very relevant to us.
Let's see how it'll unfold.
FED hikes, COVID, etc., etc. The show goes on.
IMO, it would be a very large L for the Biden administration if the stock market growth isn't sustained during his presidency, although technically, he doesn't affect it in any real way nor did Trump. Stock market dump or a full-on crisis would definitely fuel a Trump campaign.
Let's see how these hikes will really...
This is the setup I'm looking at. One could be a savage and just buy the bottom, but I prefer to buy strength – that's the reason I bought $TSLA.
It's testing my patience and it's a lower R/R, but my win-rate is higher this way.