We are very close to the bottom.
Updated
The FTX bankrupcy shocked everybody and with that being written down into history we are quite near or have already had the final capitulation.
Here I'd like to make the distinction between hitting the bottom and trend reversal, a trend reversal usually takes time to print a reversal pattern of some sort, it might be an Adam&Eve, or Ascending Triangle, or Rounding Bottom, with the exception of a very hard to catch 'V shaped' reversal.
In terms of timing I've put on the Fib Time Zone tool(Love tradingview!) and interestingly we are at 1.618 in which pretty much every previous bottom lands.
Please note that as for the time being we still haven't got into any trade, we are monitoring shorter time frames for an entry. (yes we are timing the market and we are good on it)
Just sharing this information to you guys and keep your precious money safe for the next bull run, Take care until next time!
###NOT FINANCIAL ADVICE###
Here I'd like to make the distinction between hitting the bottom and trend reversal, a trend reversal usually takes time to print a reversal pattern of some sort, it might be an Adam&Eve, or Ascending Triangle, or Rounding Bottom, with the exception of a very hard to catch 'V shaped' reversal.
In terms of timing I've put on the Fib Time Zone tool(Love tradingview!) and interestingly we are at 1.618 in which pretty much every previous bottom lands.
Please note that as for the time being we still haven't got into any trade, we are monitoring shorter time frames for an entry. (yes we are timing the market and we are good on it)
Just sharing this information to you guys and keep your precious money safe for the next bull run, Take care until next time!
###NOT FINANCIAL ADVICE###
Note
Opps, made a few typos. bankrupcy -- bankruptcy
on -- at
Trade active
GAME ON
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Twitter twitter.com/vilasignal
Twitter twitter.com/vilasignal
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