The markets are deliberately difficult over the last several days:
I believe the powers that be are agreed on a May Reset timeline, and are engineering corrections in all markets: including the Nikkei. There's also evidence of deliberate manipulation to throw off retail traders : I'm seeing traps.
I'm not sure how low the markets can go, but a 20% correction in the bigger markets is certainly possible. There's significant issues in the treasuries market.
I see a good chance that BTC has a little rally here since it's oversold, using a tight stop loss since this baby could waterfall collapse if it doesn't turn around.
If it turns around I'll be looking for bullish opportunities this weekend.
If it crashes I'll open short contracts and it'll head to 41k.
I believe the powers that be are agreed on a May Reset timeline, and are engineering corrections in all markets: including the Nikkei. There's also evidence of deliberate manipulation to throw off retail traders : I'm seeing traps.
I'm not sure how low the markets can go, but a 20% correction in the bigger markets is certainly possible. There's significant issues in the treasuries market.
I see a good chance that BTC has a little rally here since it's oversold, using a tight stop loss since this baby could waterfall collapse if it doesn't turn around.
If it turns around I'll be looking for bullish opportunities this weekend.
If it crashes I'll open short contracts and it'll head to 41k.
Note
booked profitsNote
47.6
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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.