Jesse Livermore once said..
“Speculation is nothing more than anticipating coming movements”
“In order to anticipate correctly, one must have a definite basis for that anticipation”
“Speculation is nothing more than anticipating coming movements”
“In order to anticipate correctly, one must have a definite basis for that anticipation”
Let’s explore where we could be in this cycle..
Although this chart is not perfect lets ignore the fact that we are heading for a global recession for a minute..
Although this chart is not perfect lets ignore the fact that we are heading for a global recession for a minute..
Whether this bear market rally goes higher from here is up for debate but I would argue it has topped out.
Friday DXY showed strength alongside gold and silver on declining volume. Monday they sold off hard.
Tech Stocks have continued their run and BTC lagging.
Smoke signals
Friday DXY showed strength alongside gold and silver on declining volume. Monday they sold off hard.
Tech Stocks have continued their run and BTC lagging.
Smoke signals
That’s not to say we can’t go higher in the short term but ultimately we are heading back down.
I would argue we are in the “Return to normal” stage in which those who screamed “New Paradigm” at the top have gone all in again.
I would argue we are in the “Return to normal” stage in which those who screamed “New Paradigm” at the top have gone all in again.
Looking back at the 2000 and 2008 market cycles this rally has gone straight to where it rejects every time.
I feel very comfortable holding my shorts here.
If we close this month above this point it could be a giant bull trap.
If we close next month above I close my shorts.
I feel very comfortable holding my shorts here.
If we close this month above this point it could be a giant bull trap.
If we close next month above I close my shorts.
My game plan for the remainder of the year as I like to try put new charts where I think are turning points…
Beware though no one knows how high this rally will go so the fastest way to lose it all is through leverage.
Still I think top of BMR for S&P imminent!
Beware though no one knows how high this rally will go so the fastest way to lose it all is through leverage.
Still I think top of BMR for S&P imminent!
I am convinced that this is actually going to happen. Make of that what you will 🤣
This leads me to beleive that $BTC + S&P will begin the next bear market rally sometime between October 15th and Oct 31st from much lower levels.
I will start scaling into a long October 15th.
This leads me to beleive that $BTC + S&P will begin the next bear market rally sometime between October 15th and Oct 31st from much lower levels.
I will start scaling into a long October 15th.
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