talked about this scenario recently, it is looking more and more likely.
this scenario is now my primary, until the chart says otherwise.
i don't like this price action. we may see more bounces, but i'm not touching this market for now.
24~25k, i'll buy some for a short term swing, maybe i'll take a small bite near the bottom of the wedge we're in, but we're in free fall right now. it would be reckless to buy this right now.
spy is at critical point too, if it breaks down right now, its gonna get ugly.
stay safe!
this scenario is now my primary, until the chart says otherwise.
i don't like this price action. we may see more bounces, but i'm not touching this market for now.
24~25k, i'll buy some for a short term swing, maybe i'll take a small bite near the bottom of the wedge we're in, but we're in free fall right now. it would be reckless to buy this right now.
spy is at critical point too, if it breaks down right now, its gonna get ugly.
stay safe!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.