Do not forgot to compare it with regular scaling.
We shall see which target prevails. Be nimble
We shall see, as strong supports were reached imho.
I took a whole year to annihilate the previous up moves. Have a good vacation :)
Volatility Algo Funds may know what I'm talking about, as it was exactly a huge target. It wasn't easy to predict many days in advance (according to my current skills), but it's done. I wouldn't sell it now ... before confirmation. I'd even rather go long from the bottom with a very tight stop. I know many would start selling, and many of my recent posts are...
And the NASDAQ and Dow Jones are not in negative territory so far. The SP500 gave some bad visual signals though.
If people expect an Inverted Head & Shoulders, chances could be very meager in terms of probability. What is the % of chance that we go back to 12xxx? How much time would it take? What would be the bullish triggers, if any? The markets took quite a bit of time and strength to break through the support I've drawn around 11183. If you were long above any support...
It could also be a trick to attract sellers and squeeze them. Need to work this out with the US ...
Post-FOMC moves could be interesting as it would be the last known "major" event before the end of the year. After that, many operators would probably go on vacation. I think it's possible that many bearish smart monies could be anticipating a potential bounce in order to trigger sell-orders in blocks, or step by step, unnoticed. However, the yearly support has...
I can simply tell you that: There has always been a "reason" behind the setting up of Bitcoin Futures by the CME ... plus, if you understand how some "smart funds" work, you can basically understand most moves since then ... And it's not on this basic chart. I traced this simple thing many months ago, but never shared with the public. Now that it's done, it's...
There could be a chance for a rally post-FOMC. But we are never too prudent, as it smells more and more bearish
We shall see. The market conditions may change a bit after the FOMC from this coming Wednesday.
Need more information
We shall see what the markets will declare
Gap warning!
Small X-mas rally and more pullback? Or short right away