lofihenny

lofihenny

riding wedge type beat. could be the end of the bear market rally

lofihenny

sorry you got left holdin the bag but this shit aint comin back GL

lofihenny

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,

lofihenny

last chance for a reversal before a true crash was at the pennant. looks like we broke down

lofihenny

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.

lofihenny

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.

lofihenny Updated 

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...

lofihenny

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.

lofihenny

bulls rekt lol gap definitely gonna fill me and bobo are in this short for the long term

lofihenny

interesting trendline i found on SQ. Looks like it may be turning around here.

lofihenny

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...

lofihenny

wouldnt touch this with a 10 foot dildo fk that lol

lofihenny

daily close above the trendline and this idea is invalidated

lofihenny

2 mean sfp candles looking very bulllish on the daily timeframe. im neutral for now on equities (positionwise) but this looks promising.

lofihenny

wow

lofihenny

bul

lofihenny

pls dont dai even moar

lofihenny

D: