VRA update
Evening,
Hope everyone has survived the dump and is taking it easy.
I have taken a fair beating after falling asleep and missing my exit on the little fake out pump to 0.029 prior to this sell off and haven't had the confidence to risk off.
We're getting a bit of a bounce here off of daily support and I have opened a couple of long positions with stops already in profit so lets see what happens.
Personally I'm waiting to see what comes from the fed meeting next week as positive news should allow for a decent relief rally but who knows. Traditional stocks look like they've got a little more selling to do so we might see more selling through the start of next week. The fed meeting is on the 26th-27th so we'll have an answer Thursday or Friday next week.
For now I'm hoping for a little relief rally but not expecting too much, hopium is that the weekly closes as a nice juicy pin bar back above 0.031 but that's probably asking a bit much. ;)
Good luck, enjoy your weekend.
Hope everyone has survived the dump and is taking it easy.
I have taken a fair beating after falling asleep and missing my exit on the little fake out pump to 0.029 prior to this sell off and haven't had the confidence to risk off.
We're getting a bit of a bounce here off of daily support and I have opened a couple of long positions with stops already in profit so lets see what happens.
Personally I'm waiting to see what comes from the fed meeting next week as positive news should allow for a decent relief rally but who knows. Traditional stocks look like they've got a little more selling to do so we might see more selling through the start of next week. The fed meeting is on the 26th-27th so we'll have an answer Thursday or Friday next week.
For now I'm hoping for a little relief rally but not expecting too much, hopium is that the weekly closes as a nice juicy pin bar back above 0.031 but that's probably asking a bit much. ;)
Good luck, enjoy your weekend.
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.