Price on 30Min view shows falling wedge pattern, which is normally bullish. Given downtrend, I feel this is false.
Daily view shows we are going down, and downtrend has just started.
Major uptrend in Daily has ended. Correction in 30Min shows downtrend begun.
We may rebound at end of falling wedge. This is false breakout. Possible to enter downtrend or add to short position (puts) here.
We should continue this downtrend to fill gaps. Please see Part 1 of 2 from today for Daily view.
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
Daily view shows we are going down, and downtrend has just started.
Major uptrend in Daily has ended. Correction in 30Min shows downtrend begun.
We may rebound at end of falling wedge. This is false breakout. Possible to enter downtrend or add to short position (puts) here.
We should continue this downtrend to fill gaps. Please see Part 1 of 2 from today for Daily view.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.