On the above 1-day chart price action on the Volatility index finds support on previous resistance. The last time this occurred the markets crashed hard back in February 2020. Is history about to repeat itself?
If history is about to repeat it might be an idea to have a good cash position over the next couple of months. Gold & Bitcoin are/were not an option.
If history is about to repeat it might be an idea to have a good cash position over the next couple of months. Gold & Bitcoin are/were not an option.
Note
Vol tests the 21-day moving average just as before (orange circles).Note
Very much still in play - and a good reason to stay in cash for the moment.Note
Will close this idea now. The Fractal absolutely nailed the market correction.This was the best moment to remain in a strong cash position.
Right now the opposite is true. Will publish a new idea on the Patreon site.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.