I posted a chart with a long set up yesterday and managed to sell for a handsome profit. However, the long set up was swallowed up by sells and it turned into a bull trap. I can still see that SLP is forming a falling wedge, just made bigger so one to watch I think. I am in a long myself with a SL at the previous lows.
My thoughts on the DJI (Dow Jones Industrial Average). I believe the roring 20's are duplicated in the DJI chart and that we are about to enter a huge recession in 2022. Dow Jones finally bottoming out around $5,000?
AAVE looks to have completed 5 waves up, followed by an ABC correction. Can we get an impulse move up now with a bitcoin pump to 58k exciting the bulls?
Looking at altcoins, some havent even started their bull runs yet.... Maybe bitcoin is tricking us with this obvious head and shoulders pattern?
ICP - Internet Computer - LONG position Longing ICP here which is heavily oversold since launching last year. First target is the yellow line, however, I wouldn't be surprised to see $500 or more. The Fibonacci extension takes Internet Computer to $12,000
Shorting ETH for a 15% move down towards $3,000. Bitcoin looks set to test 40ks as well so seem logical to me for this move