riding wedge type beat. could be the end of the bear market rally
sorry you got left holdin the bag but this shit aint comin back GL
i dont think we're nearly done with this bear cycle. This bearish PA has fooled a lot of bulls because of the perceived change in market structure. I think this is a second bull trap before the real dump. Seems like there was quite a bit of liquidity hunting in this range. I expect a resumption to the downside soon,
last chance for a reversal before a true crash was at the pennant. looks like we broke down
this thing is screwed. even elons trying to get rid of this thing like hot potatoes. he gave a bunch away for free even to this charity.
uvxy is not something you wanna hold. its down A LOT from the high (about $2,050) cuz of how many times its reverse split over the years. uvxy also went up over 1000 percent (500% more than the vix) when markets crashed in march 2020. longing volatility via uvxy can be very profitable during the next market crash, which i think will be soon.
as talk of a potential war between ukraine and russia continues and how bearish people think it would be, i kept thinking, "is war actually bearish?" I know that the government makes a ton of money off war via the military industrial complex, why would the market go down? I went and backtested my thesis and i was overwhelmingly right. I took a measurement of the...
i still wouldnt touch this. if it loses this line, id probably get out, even though i dont really usually like to use log trendlines.
bulls rekt lol gap definitely gonna fill me and bobo are in this short for the long term
interesting trendline i found on SQ. Looks like it may be turning around here.
technical signs btc has topped: - bearish divergence on the weekly MACD and RSI - bearish divergence on the monthly MACD and RSI - weekly MACD crossed bearish - 4 months out of this year has been spent in this rising wedge that broke down - closed 2 weekly candles under 20 week SMA (crucial support for btc , especially in bull market phases) - about 22 months...
wouldnt touch this with a 10 foot dildo fk that lol
daily close above the trendline and this idea is invalidated
2 mean sfp candles looking very bulllish on the daily timeframe. im neutral for now on equities (positionwise) but this looks promising.