So we hit the 380 target and now we are bouncing, this should be a very strong move higher potentially breaking the 392 level by (wed, march 3rd).
I didn't take the long because option prices were so expensive.
There may be a short next (wed, thurs, fri) when option prices are cheaper and reward to risk increases.
Hey guys, the sp500 is bouncing and we expect a final move lower today. Our last 3 ideas on the sp500 have made a total of 1700% return on our options. Stay tuned for these crazy opportunities.
I'm expecting a bounce higher into the open followed by a steep sell off. The sell off may continue into monday morning but basically today is your last opportunity to...
Hopefully everyone made some money on my last sp500 predictions. There may be another opportunity wed, thurs, fri.
It appears as though we may have an opportunity to short the bounce again going into today (wed).
I have done a forecast on the price. Lets see if this plays out, don't load up, stair step into the trade.
I am waiting for the double top I talked about previously, could this be it? I don't know right now. I have no intentions of buying or selling right now.
IF price forms a double top fakeout here and drops then there will be an inverse head and shoulders pattern at 15k.
IF price rallies from here then the short will not happen until 80-100k, in which...
OK, so to be clear in order for us to be officially in the bear market we need to create a double top on the weekly. A double top where the second peak breaks and fakes out the high of the first peak. (I will update when that actually happens).
I appear to have been calling the short a little early. We are now about to begin the final bull move before a huge...
The SP500 is dropping as predicted in my last analysis. We may get a bounce here which would offer up another entry down to the 380's.
This movement down to the 3800 should happen this week but at the latest by next week. If price does bounce from here I will enter a short position with expiration this friday and next friday (options).
Here is trade I am looking to take today. Downward channel expected to break to the upside after hitting strong support. If price starts to bottom out in here it will be a good place to take a long into the highs for a double top. If price just keeps dropping the trade is invalidated.
I am bullish on the EURO since we are rallying from the mirror pattern and have now broken out from the descending channel. We are coming up against some resistance short to medium term but I expect long term we will break throught this area.
So first of all I am net long on bitcoin but short term I am short biased. I have never seen over-extension like this that actually continues for very long. I do believe that we will drop to 15k where we will form an inverse head and shoulders pattern on the weekly. After that has been created bitcoin will create the largest rally in it's history.
I have added to my position (1% total ), I am looking at shorting from here with SL at 50k. 6:1 Risk/Reward.
We have hit into the high of the channel, created a triangle pattern, with room to drop below.
Overall I am bullish BITCOIN but short term bearish.