RSI is at a new low according to that chart, volumes are declined and price is starting to simmer.
A lot of people probably didn't fill their bags expecting some 11k target (sounds a lot like the 2018-2019 prayer for a 3k break to 2k) .
This may give some tailwinds involving FOMO from said partial filled bags.
THE BIG ISSUE IS...its touching the monthly 100 day moving average for the first time.
Breaking this would put us in the upside down, and I would rather not. If so, the long awaited 11k to 13k?
But that will be after this maybe ... complacency bounce?
I'd rather chug to 30k (gonna be most likely strong resistance) slowly with the uncertainty of the FED/macro.
But after that, who knows? Retest or do we get our pants shaken off and left behind?
I'm DCAing weekly in multiple assets, buying occasional small spots when things look nice or I find something new.
Always new things to tinker with and test out.
Thank you guys, if you are reading. Hope you and your families are well.
Happy New Year y'all.
<( * - * )>
A lot of people probably didn't fill their bags expecting some 11k target (sounds a lot like the 2018-2019 prayer for a 3k break to 2k) .
This may give some tailwinds involving FOMO from said partial filled bags.
THE BIG ISSUE IS...its touching the monthly 100 day moving average for the first time.
Breaking this would put us in the upside down, and I would rather not. If so, the long awaited 11k to 13k?
But that will be after this maybe ... complacency bounce?
I'd rather chug to 30k (gonna be most likely strong resistance) slowly with the uncertainty of the FED/macro.
But after that, who knows? Retest or do we get our pants shaken off and left behind?
I'm DCAing weekly in multiple assets, buying occasional small spots when things look nice or I find something new.
Always new things to tinker with and test out.
Thank you guys, if you are reading. Hope you and your families are well.
Happy New Year y'all.
<( * - * )>
Comment:
Please, any insight or tips. Conversation is appreciated. Thanks again.