sonicthehedgefundmanager

sonicthehedgefundmanager

Here's my plan in a nutshell.. The descending wedge classically would be predicting a drop to nearly 12,000, which imo is simply psychologically too low for anyone to be not be like "what a deal!!" I still have the intrinsic value of btc at 17000, my prediction is the wedge fails and the bulls break it out. If the pattern continues the drop, I will monitor and...

sonicthehedgefundmanager Updated 

So this trade is for the most part fundamental, you will start to notice a trend with me as I post more. The fun thing about market psychology is that it really doesn't have to be rational, so as long as everyone believes it, in general it will happen. The weekly pattern I can see forming on a technical level looks harmonic enough for me to say "yeah, fear...

sonicthehedgefundmanager Updated 

This is just an updated chart from my original long I placed on the simple fact of "long on war" still holding strong and within my risk limit. We are coming up to the end of an important close today lets see how she plays

sonicthehedgefundmanager Updated 

Hey, This trade is way more fundamental than it is technical, I see a cup and handle with a triangle that looks ready to breakout, given the Ukraine/Russia war broke out I can't see why gold would go down too much. Some of the ideas I have seen on here make this one looks well, simple. I like simple how about you?

sonicthehedgefundmanager Updated 

At this point I am really just sharing my thoughts with all of you and keeping my own personal idea log, this will certainly be a post I update a lot! For right now I don't have a position in play on this. I want to see if this will retest the $100 mark. There is a distinct feeling of FOMO to enter long right now and I know better than to FOMO lol. If we do...