BTC frontran stocks in pump, now stalling
Apologies, btcusd:coinbase is a cleaner chart.
Heavy concern that btc frontran the stocks pump and is now frontrunning a stocks dump
Severe weakness is portrayed here at the resistance trendlines and no follow thru on the bear trendline
Stinks of bulltrap
Mad move to upside with no healthy pullback stinks
Traders in PTSD of 2019 fractal and too scared to short. Majority is piling in longs because multi month indicators flashing bullish.
(warning: price can make a new low in volatile swings downward and multimonth indicators dont account for them e.g, 2015 bottom)
Just a million reasons to be bearish due to fundamentals and short squeeze-esque price action than bullish, despite powell bullish tone
Contrarion me says ' the bull market ends on good news, for there is none left to look forward to. The bear market ends on bad news, for there is none left to look forward to.'
What other news can we rely on to be positive for markets? Powell dovish shock will only cause further doubt ahead and for good reason. It was a psychologically clever way of telling growth:
' go on play chicken with me, doubt the rates campaign, go on, enjoy a lil bull rally, you deserve it, you won't take profits though will you? You're expecting all time high again. Me and Yellen and my Blackrock friends are going to sell into your euphoria and then the market is going to crash by 40%'.
Heavy concern that btc frontran the stocks pump and is now frontrunning a stocks dump
Severe weakness is portrayed here at the resistance trendlines and no follow thru on the bear trendline
Stinks of bulltrap
Mad move to upside with no healthy pullback stinks
Traders in PTSD of 2019 fractal and too scared to short. Majority is piling in longs because multi month indicators flashing bullish.
(warning: price can make a new low in volatile swings downward and multimonth indicators dont account for them e.g, 2015 bottom)
Just a million reasons to be bearish due to fundamentals and short squeeze-esque price action than bullish, despite powell bullish tone
Contrarion me says ' the bull market ends on good news, for there is none left to look forward to. The bear market ends on bad news, for there is none left to look forward to.'
What other news can we rely on to be positive for markets? Powell dovish shock will only cause further doubt ahead and for good reason. It was a psychologically clever way of telling growth:
' go on play chicken with me, doubt the rates campaign, go on, enjoy a lil bull rally, you deserve it, you won't take profits though will you? You're expecting all time high again. Me and Yellen and my Blackrock friends are going to sell into your euphoria and then the market is going to crash by 40%'.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.