SHIT TA: Bart is ded to me..When in doubt, zoom out!HEY GUYS,
So for those who listened to me and counter traded me, well done. Although not much has happened to be honest..
SO Bart didn't rock up with his wonky head, no matter. We'll zoom out and just go with something a little more traditional.
BEAR PENNANT!
Literally all there is to it: Volume declining, bear pennant formation, RSI moving towards historic resistance zone and we are midgets..
The way I see this playing out is that we will stay slightly bullish until the RSI hits that resistance line and then we break down. In tears.
There is still room on the stochastic RSI for this to play out in a short term upwards trend, so that's comforting in a way..
We could just drop down to 3000 but I don't think the market is feeling that forgiving. People literally think we are at the bottom, no better way to anger them but to crash more.
NOW HERE'S YOU ONCE IN A LIFETIME OPPORTUNITY! I am known for my SHIT TA *not really, I wish*, but now is the perfect time for a counter trade. GET ON IT!
I AM STILL SHORT, but kind 4.8ft now.. still short. For now.. ;)
