Betting on a crash SPXU
Pretty obvious we are on the brink of a year end rally based on seasonality and election cycles OR we are about to see the biggest system crash since the great depression based on absolutely bananas monetary policy for the last 50 years and over correction helicopter money from the Federal Reserve.
As always based on price action, timeline, and risk VS rework here is the long entry play I am in on a small scale right now.
Price action: we got a bottom with higher low then pump.. (test pump) now price has come back down to test the moving averages and make a completion of fib golden zone.
Timeline: clearly after the election we will see some improvement once certainty is restored... if Trump wins rates go to zero and we will get a can kick with a great 4 years no doubt...but until then FUD of every type. This is a hedge on my Bitcoin / Bitcoin miner stock positions.
R/R it doesnt get any cleaner than this... we either get stopped out with a small loss or catch a liquidity crisis to the moon.
As always based on price action, timeline, and risk VS rework here is the long entry play I am in on a small scale right now.
Price action: we got a bottom with higher low then pump.. (test pump) now price has come back down to test the moving averages and make a completion of fib golden zone.
Timeline: clearly after the election we will see some improvement once certainty is restored... if Trump wins rates go to zero and we will get a can kick with a great 4 years no doubt...but until then FUD of every type. This is a hedge on my Bitcoin / Bitcoin miner stock positions.
R/R it doesnt get any cleaner than this... we either get stopped out with a small loss or catch a liquidity crisis to the moon.
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