Money Man has been revelling in all the excitement but know that after a party like this, a hangover is a sure thing if you do not think about tomorrow morning. There is not much to say, but that the best thing that can happen for sense and sensibility in this space is a pattern forming and even some retracement soon. If not, we are bound to see some sore traders.
Green Targets are down to two for the near future as this market is overly exciting but remember that buying will dry up sooner or later. Looking at volume, there is a clear decline in buying.
Conclusion: Watch out for a pattern forming and the heat dying down. Traders are going to get hurt here. Take your pick: do you want to say; “I should have been more aggressive” or “S**t, I am so under water, I cannot see how I’ll get out”? Very Important to me: Please like if you appreciate the effort, Please comment and develop this further, Please follow if you see this analysis thread going somewhere you would like to know about.
Green Targets are down to two for the near future as this market is overly exciting but remember that buying will dry up sooner or later. Looking at volume, there is a clear decline in buying.
Conclusion: Watch out for a pattern forming and the heat dying down. Traders are going to get hurt here. Take your pick: do you want to say; “I should have been more aggressive” or “S**t, I am so under water, I cannot see how I’ll get out”? Very Important to me: Please like if you appreciate the effort, Please comment and develop this further, Please follow if you see this analysis thread going somewhere you would like to know about.
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