Just wanted to get this out there to hopefully lend perspective to some people on where we're currently at. Not going to dive down much right now or build the narrative, more to come.
GL trade safe!!
GL trade safe!!
Note
Cleaned up a lil bit, like I say getting this out there quickly for you's :)Note
This move will be our confirmation up is still up. We should be closer to 50k by 28th for options expiration (currently max pain is 50 - 52k to expire majority of puts/calls worthless). If we minor bounce and grind out, we're most likely going to break down.
Note
So far so good, watch for a pop in the white circle for massive expirations this week starting on the 28th - Keep fomo in check, be patient building your positions this could take a while. If you're looking for a good reference, I think this is very similar to April/Map 2013, which means we'll have a cool off/consolidation/chop period until end of July-ish.
Good luck!
Note
No pop, just the stall out, not looking goodNote
Fly or die time - Note
Here we are again, fly or die. If we break this trend from our bottom, we start the plunge. If we hold it, we go attack 42k+Note
The final test. Hold and we 2013 repeat. Fail, and we bear fam.
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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.