At this point, the bear drop is almost inevitable. That said there is always an opportunity for a cheeky play. Getting fancy with supply and demand. Could advise skipping the long, but any pullback in this market is a good short entry, especially at supply. Cheers
This is my current thoughts for the long term outcome of BTC.
TSLA hitting 3 consecutive lower highs. Has the potential to get pretty bloody.
BMY looking like a short here. Playing the triple top with the bottom of the channel as the target. Can always scale out with the drop. Options play. Cheap puts $$$$
Possible set up on a triple top. History says its dropped on previous tests
The theory of supply and demand is a very interesting subject to say the least. So simple on the surface yet 99% of traders neglect these golden rules of the market. From the chart of the S&P500 you can see how the theory plays out. Bear markets always pullback to demand zones providing the best entries to start scaling into the position. If you haven't already,...
Loving this company for a long term play. This is alot of demand below.
BTCUSD had a strong rally up. Level on level of drop base drop supply zones. This is a strong signal. Only downside is the strength of the rally up.
Spy has been moving up in an ascending channel. Signs of market indecision. Possible signs of a bear market. Trend lightly.
Interesting setup here. Rally base rally demand zone.
A very nice set up here, rally base base rally. level on level demand zones have a very high probability of working AND who doesn't love Newegg?
QTT has a nice drop base drop demand zone. It has been trending down, could look to break trend here.
TKAT has a very nice rally base rally demand zone. This chart is very modest for the potential of this play. cheers!
BTCM has a a nice rally base rally demand zone. This is a play to go heavy on.