Get ready. Bottom is in . Buy today , because we will not see this prices levels again.
INDEX:HSCEI is going throgh a sideways period.
INDEX:FTSEMIB is clearly in a multiple years Sideways Market. I'm bearish with all the italians markets. Only yesterday I've shorted the index on IB . Today I've opened a Sell PUT Option.(looking forward to build some other strategy on this one).
COINBASE:BTCUSD is approacing at the 7200-7600 .Next hours will be crucials to undertsand what will happens.
Simple as that. We are in a bear market cycle. Short positions are the obvious.
The next support is at 16% drop. Two facts making me belive that a short position is the right thing to do. Italy is in huge difficult to contain the coronavirus. They will lock entire cities and regions in the next week. The economy isn't string at all.
Due the Coronavirus breakout all over I'm expecting a general dump on the markets. Looking forward to prepare an options "struggle" strategy on NFLX .