On target - trend correction
Updated
The trend I have been following executed as planned, almost to the hour - Based on trends that stretch back a year. This suggests clear and organised market forces.
- Trends seem to get stretched and shortened depending on volume -But - the trend remains.
- My buys in BTC were triggered at 8,500 - I'll sell before next drop based on the trend (late today post small rally)
- It is obviously possible that this is a stop-hunt and the trend is invalid - Many indicators point up so despite trading this trend down I was still surprised that it dropped.
If the trend is real there would be some nice short opportunities but I'll leave that to the pros ;)
I've sketched the rough trend out here, timings are not correct but tbh it is not possible to forecast beyond a week due to volume changes.
Best, Hard Forky
- Trends seem to get stretched and shortened depending on volume -But - the trend remains.
- My buys in BTC were triggered at 8,500 - I'll sell before next drop based on the trend (late today post small rally)
- It is obviously possible that this is a stop-hunt and the trend is invalid - Many indicators point up so despite trading this trend down I was still surprised that it dropped.
If the trend is real there would be some nice short opportunities but I'll leave that to the pros ;)
I've sketched the rough trend out here, timings are not correct but tbh it is not possible to forecast beyond a week due to volume changes.
Best, Hard Forky
Note
correction - buys were laddered from 8564
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