Whatsup peeps. a real good buying opportunity for black Friday .. or is it?
I have a strong feeling majority of retail traders are nowhere close to prepared for sideways/down for the next month.
HTF bullish, LTF very weak. a short relief rally is expected. even more for alts, but only short-term until past support flips -> resistance and more pain IMO.
2 scenarios for HTF bottom. I would expect 47-48 but it could easily turn out to be to a max pain scenario down to low-mid 40s. Just a thought.
What's everyone thinking?
I have a strong feeling majority of retail traders are nowhere close to prepared for sideways/down for the next month.
HTF bullish, LTF very weak. a short relief rally is expected. even more for alts, but only short-term until past support flips -> resistance and more pain IMO.
2 scenarios for HTF bottom. I would expect 47-48 but it could easily turn out to be to a max pain scenario down to low-mid 40s. Just a thought.
What's everyone thinking?
