Shorting
Is a shorting like the one of March 12th predictable? BTC 2020- How would you predict a movement like the one we saw on May 12th? Those days BTC lost >55 % of its value.
- How can we take advantage of that?
- What technical/fundamental indicators do you suggest to use/be more accurate?
Any ideas and thoughts about this topics are welcome.
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"The Real" Head and shoulder of the S&P ???I'm posting this as an idea, I thought that the head and shoulder was already here when we touched the 2780 level but we came back because the feds and Powell saying that they will do anything to keep the rally. Now this one (that I have in the picture) might come next week so I hope that the feds can't fight this really obvious technical indicator of a fall.
Or, I'm with a sell position and is just my bias of the trade trying to see and catch any false indicator of a big fall. (Although I'm pretty sure it won't go over 2971 or 2980 again).
Please let me know what do you think?!!!
Dow is looking very bearish, text book rising wedge short opp?Without looking at the technicals, the sentiment surrounding the economy and world is very bearish as of current. Looking at the charts, we can see a possible abc count playing out, with the rising wedge making up the b to the correction. If the wedge breaks down and the fed stop quantitative easing I believe we will hit previous lows and lower of around 14000 which is a 61.80 % retrace of the this market cycle.
BNBUSDT Rising wedge and continuation of downtrend....?Crypto markets look like they are ready for at the very least a correction. Bnb has a lovely text book rising wedge which could yield massive profits! My ambitious target is the previous low however realistically the break of the falling wedge could be a correction to this current rally which upon finishing could take us to new highs. However, I am leaning more in line with the current daily downtrend, of a break down of the rising wedge to previous lows which is in inline with the global bearish sentiment.