Added more gold to my portfolio here on the retest, lets see if this range can hold.
Refer to my related link below see the similarities in the charts, as you can see overall markets are breaking down on global tensions, inflation and FED interest rate hikes. most stocks have been parabolic for 6 years now, with March 2020 barely putting a dent in the growth. Can see my limited risk entry points on MSFT. Doesn't mean if markets don't change I'm...
If you think most charts wont look like this sometime in the next 12 months I don't know what to tell you. Most have just started breaking down from trendlines. maybe the BABA chart has been telling us something for a while. Stay safe, risk mitigation and wait for the set ups to play out. Don't need to pick the bottoms.
Nice short position here on AUDUSD, FED is almost guaranteed to increase interest rates (depending on Russian/Ukraine outcome). We all know Aus is a a bit slow and special and will delay increasing interest rates even though the high inflation rate here also. In order to protect the over mortgage debt ridden economy we have created. Aiming for .64
full retest after dumping on rewards cut, still rocking 400% APR has now reclaimed both supports. Send it.
Have we just trapped bears? woke up to my orders going off last night at 43050. lets see if BTC can hold the 18 month trend line again. Also added more $Looks cause who doesn't like 500% APR. Goodluck.
Decent move here from BTC, if we can break and hold the 42400 region ill get excited, until then its all noise. Have added to few alt positions early in the week $ETH and $LOOKS besides that playing DFK to fill my boredom.
Little bounce on tech stocks this week and everyone bullish on BTC. Overall markets haven't changed for me, wait for a clear break out higher instead of picking the bottom on these.
I am not saying this will happen, personally sitting in 80% cash besides a few stocks that I still see upside in the next couple months, but could you imagine the pain if this played out. bearish divergence on the monthly Fed turned hawkish. Before you say it couldn't, the 2008 financial crash was 53%. 2000 dot com bubble 60%. Will tech pop this time? or will...
To my Last post BTC was sitting at the last line of defence, well its not looking great for BTC or the overall markets. Would like to see a bounce here or 30k lets hope we don't see 20k again.
RSI over sold on levels not seen since 30k, hopefully 40k support can hold. If 40k breaks I see 30k coming a lot quicker, stops and liquidations under 40k.
Eth has flipped S/R. move to 4k looks likely. Missed the breakout as this has moved quick today. will look to long retest of support.
One looks extremely bullish on the 4h forming pennant. look to set up long trade on break.
I Hope you all didn't get shaken out on positions this morning, most have reclaimed support and with shoyu releasing this month how can you not be bullish on what sushi will do in Q4.
FTM has seen a massive run lately, bull flag has formed on the 1hr chart. looking for continuation here with btc looking nice too