Bearish because -
On Nov. 15th we either break a 12 year resistance line with 6 points of contact or go to even higher all time highs.
If that is not the definition of euphoria, I don't know what is.
RSI Overbought.
Wycoff Trend Overbought.
I have closed my Put position to limit loses and re-enter because this dumpster fire is keeps going up.
Any significant break of pink channel is excellent for downside returns or re-entry of Puts.
I feel this artificial liquidity from FED combined with Trump China tweet and media manipulation is adding risk which cannot be calculated.
Trade carefully here friends.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short SPY.
On Nov. 15th we either break a 12 year resistance line with 6 points of contact or go to even higher all time highs.
If that is not the definition of euphoria, I don't know what is.
RSI Overbought.
Wycoff Trend Overbought.
I have closed my Put position to limit loses and re-enter because this dumpster fire is keeps going up.
Any significant break of pink channel is excellent for downside returns or re-entry of Puts.
I feel this artificial liquidity from FED combined with Trump China tweet and media manipulation is adding risk which cannot be calculated.
Trade carefully here friends.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short SPY.