Hey everyone. Crazy times right? With the stonks market ready to drop the bass (reffering to lonely island song). Dollar basing for a rally. And crypto fighting right at the downtrend upper median. The stars look alligned for something big right as we end this COVID summer. You might also want to check out the other ideas linked below for some perspective on this idea.
Oh and also, a qoute from todays zerohedge article "The Last Time This Happened Was The Day The Dot-Com Bubble Burst"
"So, to sum up:
1) Valuations have never been this extreme... ever,
2) VIX Correlation to stocks is at its highest since Volmageddon 2018, and
3) VIX and Stocks are showing similar patterns of extreme speculation as occurred right at the peak of the dotcom bubble.
Trade accordingly."
Stay safe, and stay liquid. :)
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Well stocks are coming down, Dollar is rising, BTC correcting. Just sayin...