imo 55%+ chance we're in a local top and cool off for a few days
Don't leverage trade in either direction here as there is also a high chance people are fomo'ing so hard at the prices finally going up that we just non-stop rip
imost likely scenario is chopping around until the next FOMC meeting with no decisive direction up or down which is the worst environment to trade on. Just hold on and if you have crazy fomo and can't contain yourself buy spot
Don't leverage trade in either direction here as there is also a high chance people are fomo'ing so hard at the prices finally going up that we just non-stop rip
imost likely scenario is chopping around until the next FOMC meeting with no decisive direction up or down which is the worst environment to trade on. Just hold on and if you have crazy fomo and can't contain yourself buy spot
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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.