I think crypto is in general in the top of a bear market rally starting off the FTX bust.
I keep seeing posts talking about how "Bear are saying xxx just like they were at the Nov low".
The Nov low was quite obvious. Bad news. Butterfly spike low.
As a bear, let me assure you it's not only people who missed the low that think crypto is a short now.
It's traded right up into the classic retracement levels a downtrend would suggest.
Big decision area now. If we can get higher, then there's a strong case for buying the retest.
Buying crypto where it currently is, I'd give gamblers odds. Might be lucky, isn't a wise move.
I have bears about 70/30 favourite here for 1:4 or more RR. No brainer fade.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.