[TVIX] How to Profit from Volatility and the Next CrashI've been running my mouth all over on here about a market crash so only right that I put my money where my mouth is.
Here's my angle, lets see how it goes :). TVIX at great value right now (anything under $200 really) given the decimated fundamentals and extreme uncertainty. Looking to exit $400-$800 range within one month on crash depending on severity. Lets see how it goes!
Feel free to catch up on three of TODAY's headlines:
www.ccn.com
www.ccn.com
www.ccn.com
Inspiration from @dereckcoatney VIX analysis, article tagged below.
Marketshort
[SPX] Prepare for the Reckoning! June is Gonna Be Ugly.Looks like a triple top short setup. Fundamentals point to a small crash in June and that will likely trigger programmatic selloffs that crash this beast.
Institutional investors are expecting a crash by a wide margin while retail investors are FOMOing at the mouth. We won't be back here for another year at least.
Green lines are support but decent chance it'll plumb new lows for a few days at least. Fed and vaccine hype can't keep this thing afloat forever on it's own.
BTC retest of the lower range (low 7ks)I expect Bitcoin to move lower over the next couple weeks and retest the low 7k levels. Many reasons why I believe BTC is showing weakness. You can see all my previous ideas on BTC. 9.5k level (.382 fib) was a major support during the descending triangle, which is now a major resistance. A retest of the low 7k range is the path of least resistance.
