Hello friends,
In the last post I said I felt the market topped. While, sure I do think this, my confidence that this is the case is low. In fact, it's not logical, I wouldn't trade based on this opinion for example. In my opinion, in a metric sense, the market is bullish, so talking about a bear market is premature. Anyways, I am not bearish here and wanted to update you. I don't see a new ATH incoming, but what I "think" does not matter to me and it shouldn't matter to you either.
Anyways, the market is bullish, but I will not be longing here as it does not fit my strategy.
Thanks,
Shkreli
In the last post I said I felt the market topped. While, sure I do think this, my confidence that this is the case is low. In fact, it's not logical, I wouldn't trade based on this opinion for example. In my opinion, in a metric sense, the market is bullish, so talking about a bear market is premature. Anyways, I am not bearish here and wanted to update you. I don't see a new ATH incoming, but what I "think" does not matter to me and it shouldn't matter to you either.
Anyways, the market is bullish, but I will not be longing here as it does not fit my strategy.
Thanks,
Shkreli
Note
for those who perhaps do not see how I could change opinions so drastic in a matter of days, the explanation is pretty simple: price is dynamic. Probabilities are conditional probabilities. Hence, they update. My opinion updates with them.
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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.