few words before i share my thoughts. the market is a very complex instrument - there's never a sure path as it is completely controlled by human emotion, and complicated algorithms. we as traders must adapt to the ever-changing market conditions, or else we risk getting left behind (simple as that). there's a dozen different paths the market can take at any given moment, but it generally takes the path of mass destruction. >what i mean by this, is the market doesn't care about bulls nor bears - it'll simply do whatever it takes to suck away all of their money, collectively.
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that being said, i think a lot of people are very bearish overly pessimistic, terrified, and not expecting higher prices at this time. a very small portion of the market understands the lunar cycles, let alone what a "mercury retrograde is \ how it impacts the global markets". >not gonna give you an astrological lesson here - but you can keep an eye out for my videos where i dive deep into these topics sometimes.
today's sharp rejection scared the last of the bull bro's, and has sent the bear bro's into full euphoria. what i think comes next, is an unexpected occurrence - a pure melt up phase to roughly $4300 which will make a very significant peak in this market for at least 30 days after it is reached.
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if you saw my video this morning, you know what my stance on the market is - and this is a slightly modified look to that particular idea as of today's price action.
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not financial advice, be very careful in the days ahead.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.