Hi folks!
I think we are in a macroeconomic state that suggest extreme caution with ones investments, so I would personally rather stack up on something like VIX futures than anything else these days - se the linked post on my macro take).
Note that the big stock indexes (Sp500, Nasdaq, Dow, Nikkei, DAX etc.) also have horrible technicals right now.
However, there might be decent trading opportunities in volatile assets, and we have seen time and time again that the trigger for trend reversal is a strong bullish divergence at the second big bottom on the 30m/1h on BTCUSD. If we see this now, it might also be a decent time to start a DCA again for People Who sold in time.
Be careful!
Never take the word of others as a given.
I wish you all well :)
DYOR.NFA.
I think we are in a macroeconomic state that suggest extreme caution with ones investments, so I would personally rather stack up on something like VIX futures than anything else these days - se the linked post on my macro take).
Note that the big stock indexes (Sp500, Nasdaq, Dow, Nikkei, DAX etc.) also have horrible technicals right now.
However, there might be decent trading opportunities in volatile assets, and we have seen time and time again that the trigger for trend reversal is a strong bullish divergence at the second big bottom on the 30m/1h on BTCUSD. If we see this now, it might also be a decent time to start a DCA again for People Who sold in time.
Be careful!
Never take the word of others as a given.
I wish you all well :)
DYOR.NFA.
Comment:
NOTE: Not marked long/short as I only trade when I see what I consider to be a very good opportunity - and this right here is a non-tradable market.
