market proves us wrong, then follow the price, short, and manage the risk. Hope someone buy the put option of coinbase,hh.
We have occur one stop loss today, as price going down, for the safety first principle, we accept the loss, as we always say, manage the risk, no matter how confidence we are, we will be wrong one day and always be prepare for that. However, after the strong sell red candle, we see another green solid buying candle immediately cover the previous one, indicating...
Two things need to happen. First continuously tiny volume to signify that the selling power if gone. Second, a group of straight, up, solid, green candles need to appear after the first signal to demonstrate the buying power can easily drive the market up. Manage the risk and good luck.
strong uptrend indicator today, looks good, the economy will not fall until the next bubbles or crisis, long for the indexes, be careful to the institutional shakeout and good luck.
we have buying some volume comes from the bottom, so far looks good, not decline below the 50% yet, still have some selling forces. Looking for the second low volume test at bottom, good luck and manage the risk;
if it keep find buying volumn on the 50%, the periodic down might be institutional shakeout, be alert and watch the risk and good luck;
Warning sign for bitcoin, reaching the top resistance, no signal for buying volumn yet, do not long, stay alert, slightly short, management the risk, good luck.
The economy is going through a adjusted period right now, generally speaking, the weakness of the market is highly likely to last for at least couple couple until next year. Although the global economy might boost by the advancement of new technology and artificial intelligence, the short-term recession is inevitable.
Now we have two options to go, it depends on the answer provided by market. If it chooses to rebound to the top, we wait until the it reaches the resistance zone and we short it. If it continues to fall, we need to wait it to rebound to test what previous the support zone but now the resistance zone, then short it. Anyone who already be in a short position, don't...
If want to long, using smaller time frame to long, be patient, once the price reach the top resistance area, short it!.
The price is rebounding now, wait, until it reach the top resistance area, then short, it could take couple times to repeatedly test the resistance area. Calculate your risk. Money is on its way, ready to open your pocket to take it.
Be patient, wait until the second test (white arrow) then to short. Or simply exit long position. NVDA have a good fundamental background and the prospect of microchip industry is booming now.
Wait, whenever, it rebound to the resistance level, short it!
Leave the long position for aapl if short, in a light position. Apple have a good fundamental picture.
Best risk-reward ratio now. A very good chance to short.