We have bearish bat pattern that has just completed so let's see if this pattern gives us a win. This is bearish on a higher time frame so going short whenever the opportunity presents itself is a good idea so let's see what happens
Any opposing comments or views are welcomed.
This market is likely to repeat the previous pattern it made on Friday and I think we will a nice move to the downside. The market has also touched the upper trendline and we seem to be getting a reaction. This a day trade so that's why I won't be giving any detailed analysis but feel free to leave any opposing comments or views you might have.
Unless you are willing to risk down to $21.5K, there is no long setup to speak off here at the moment.
This is more a level in the market where the heavy lifters are likely to step in.
Don't fall for all the fear and panic.....the Big Crash will surely come, but they need to ramp the markets back up into Trump's re-election imo.
Ok so guys so i called this drop since november and so far the team has made well over 6000 pips on this short... now this is what we see happening....
if this continues
1 volatility will go nuts
2 fed might start cutting rates aggressively again possibly to 0 rates in the future
3 this is only the start of a long term sell avalanche
4 if corona keeps happening...