Done for the year. Taking the rest off spending it with family.
I may trade again if we get another 20%+ correction, or VIX >30. Otherwise bye.
My goal is to achieve 45%+ return every year for 10 years.
2024 50%
2025 58%
8 more years to go.
Ever since the sell off last week, #Bitcoin was selling off under the 20 hourly EMA.
That changed when we have the Sunday candle (green arrow), as I have posted about a few times.
Soon after, the 20/50 EMA flipped up and we had some positive price action.
But today we retraced the entirety of that candle and the 20/50 flipped back down.
It looks to me we could be back to the 20 hourly EMA sell program again. Be careful if you are long.
@Hanna_Verse Most I know are just waiting for BTC to reclaim the 200 daily before entering, or if thereβs more clarity onβ¦. Clarity lol
Which is totally logical and responsible imo.
Trading down at these levels are for more interested and adventurous minds.
Be careful trading Monday gap ups after Friday melt downs.
You have Friday dip buyers like me unloading this morning.
And you have late retails buying and chasing momentum seeing said gap ups.
Then the market does what it does best, chop everyone to pieces.
Best course of action today is to sell your long scalps at open and touch grass.
Which is why I am at Costco now shopping.
$SPY $QQQ
back to that same level I was warning about yesterday
line in the sand here, an hourly close below it likely signals the end of this counter-trend rally for now
bitcoin:native
Clean bounce off the ABC 1.0 ext from Thurs high.
Also hit -2 ATR daily.
These are good confluences to look for.
The sell off looks done, for now.
$SPX