Hope this helps you decide....
In summary, MY Strong opinion weakly held (as a wise trader says): Near to the Bottom
-Too many strong levels to beat to the downside.
-Economy bubble (Druckenmiller comments summarize this well)
-Stock to Flow model: solid model always beating opinions
Bear case: measuring the environment´s hype badly?
Chart NOT looking as sexy as you would want.
In summary, MY Strong opinion weakly held (as a wise trader says): Near to the Bottom
-Too many strong levels to beat to the downside.
-Economy bubble (Druckenmiller comments summarize this well)
-Stock to Flow model: solid model always beating opinions
Bear case: measuring the environment´s hype badly?
Chart NOT looking as sexy as you would want.
Note
COULD BE A REACCUMULATION
Note
Flush was HARD AF. A bit further than projected (blue).If bulls are still living, we should see a reclaim and hold of 40k soon.
Another scenario is that we will have another additional supply test downward (they´ll try to squeeze the lemon hard), but hopefully not.
Lots of stubborn shorts in the market? probably yes, probably a great squeeze could happen to the upside. (my inclination as per today)
Leverage has been the MOFO killer of both bulls and bears this market.
Play safe, rebalance size to a "sleep well level".
Oss.
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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.