We are either in the process of building the right shoulder or we are slowly decaying lower to .47 zone. I like the falling wedge formation but I want to buy it only on the breakout. I like that 50 MA crossed 100 MA.
I dont like the broad market equity sell off after market sniffed out that new stimulus package won't do anything other than add to inflation (therefore SLV, DBA, CORN, etc. are all moving up). Looking at PFE stock we can see that market is not excited about the new vaccine. MRNA slowed down the growth too. Market knows that if mutation is real, current vaccines are worthless. Therefore feels like risk off sentiment is here and cryptos are no different.
See my previous post. I had so many doubts about it and I still went for it. Luckily, when I saw Michael Saylor, Winkelvoss and Elon exchange on twitter - I sold. Seemed like a pump and dump event.
Lesson learned - only buy when ALL of your indicators are pointing up. Never get in if you have doubts. Happy Red Monday everyone!
I dont like the broad market equity sell off after market sniffed out that new stimulus package won't do anything other than add to inflation (therefore SLV, DBA, CORN, etc. are all moving up). Looking at PFE stock we can see that market is not excited about the new vaccine. MRNA slowed down the growth too. Market knows that if mutation is real, current vaccines are worthless. Therefore feels like risk off sentiment is here and cryptos are no different.
See my previous post. I had so many doubts about it and I still went for it. Luckily, when I saw Michael Saylor, Winkelvoss and Elon exchange on twitter - I sold. Seemed like a pump and dump event.
Lesson learned - only buy when ALL of your indicators are pointing up. Never get in if you have doubts. Happy Red Monday everyone!
