BEARISH SCENARIOi think the longer it hovers here
This is possible
Drop to 3600
and double top where we are
Then capitulation
Gonna be tricky
I'd close shorts at 3600 but i don't think index is a great long till we bottom next year
I'd look for opportunities in value stonks, memes, bonds, etc
GRI 2022
MEH
i can't say it looks greateverything is telling me this is bad but i've been testing out the very basic "is ampleforth over $1.00? $1.06?" approach. the amount of faith involved feels like there might just be tithing, but i've seen it happen too many times. even this time produced some small maybe counterintuitive results. it might just be best for entries. that said, ampleforth is over $1.04 or so. Hopefully still $1.05 :x
Bitcoin path of least resistanceI have started with an action reaction chart from the previous idea
I have added a couple of Gann fans
And here plotted the path of least resistance for bitty
Which is likely down on the basis of the macro pivots and a likely strengthening dollar
Trade at your own risk
throwing a hail mary predictioni didn't put too much thought into this but considering where we are on the GREED-FEAR INDEX (alternative.me/crypto/fear-and-greed-index/) we got WAY TOO comfortable WAY TOO quick
i'm expecting this pump to last til june 2nd. Why? Cause if you look back at April 20th you'll see it took 13 days to gap back into an uptrend.. the only difference this time is that we print a HUGE head & shoulders which will dip and cause panic and shake out a lot of new traders.. But that's all just a guess. If I were a market maker and wanted to shake out as many paper hands as I can before heading to the moon this would be my play.
NOT FINANCIAL FRIED RICE
ALSO ITS ONLY SLIGHTLY BEARISH IN THE SHORT TERM DON'T @ ME TELLING ME I'M GONNA BE FOREVER BROKE I LITERALLY HAVEN'T EVEN SOL-
:]
Thoughts on possible movement.yeah. small time frame trends being broken and a big? in terms of what the market is saying today. I think above is more magnetic but below is also possible.
This is not a impressive idea from me but still wanted to share it. The values are legit though. I just dont know about the movement tomorrow.
My ideas are usually alot more thought out and accurate. Check out my SBUX and last SPY for proof!