We’re going through a difficult time in the markets right now.
And it’s not fair for anyone to make sweeping statements on what you should or should not be doing.
Only you know your level of risk tolerance & only you know what’s right for you.
Be vigilant. Be patient. Learn
“Scaling this move” - we haven’t even capitulated yet!
@sentimentrader points out on the Nasdaq exchange, 42% of stocks have now been cut in half from their 52-week highs.
And why I’ve been warning clients for two months there was/is an air pocket of risk. $QQQ
#NotDone
it's ugly and painful out there, but have we reached "capitulation"? not if we scale breadth and magnitude measures to 2yr avg and compare with past corrections.
bounces will happen but important to put this correction into historical and vol adjusted context (i.e. minor)
We’re half-way there…
And $MSTR is swinging on a prayer.
#CryptoWinter
$BTCUSD
#ETHUSD
$BTCUSD + $ETHUSD both hit my short PTs from weeks ago given to clients: $42K for BTC and $3400 for ETH.
Take care. Bitcoin has an eerie looking Head & Shoulder formation that if triggered can represent a $27,000 price drop into measured move of $15,000!!!