Think contrarian. beat the market.
Happy Mother's day!!
EXPECT SELL OFF AND CONSOLIDATION IN THE NEXT THREE TO FOUR WEEKS.
I'm expecting NVT signal to turn SELL once we have massive sell off from this parabolic rally. Market really took everyone by surprise by this rally. Everyone thought 6k was expected massive resistance and that's precisely market took advantage of. Anticipating HUGE reward with minimum risk, SHORTS piled up and Market wasn't going to let everyone win. Now Market rallied to unorganic height at 7K, people are piling up their LONGS fueled by greed and FOMO. what do you think it will happen now? What do you think MARKET will do? Market is going to SELL. Just enough to push it back to major resistance level at a time to let everyone think they are buying at the pullback. Then another massive SELL. This process will repeat until people who bought at the TOP will start SELL with fear. Market always wins over crowd. Think contrarian. Be patient.
BEAR MARKET HAS ENDED.
I think Bear market ended on December 2018. we have the bottom at around $3100. BUT, We need more time around accumulation zone (4K-5K). Major brokerage houses like Fidelity and Ameritrades are coming with institutional funding to the Crypto realm and they are not going to buy at high prices. I expect heavy accumulation around 4K.
THE NEW BULL NEEDS MORE TIME BUILDING UP MOMENTUM.
Comparing to the 2015 bear market, we had 59 weeks between TOP to BOTTOM in 2015 and we have 52 weeks from the TOP to the BOTTOM in 2019. 7 weeks short but pretty damn close time frame. it means we probably need similar type of accumulation period as 2015 bear market. Right now we are only 21 weeks from the BOTTOM. Bull needs more time. AT least to late August - September.
Be patient. Move slow. buy at major pull backs. we have time. no need to hurry. accumulate accordingly.
EXPECT SELL OFF AND CONSOLIDATION IN THE NEXT THREE TO FOUR WEEKS.
I'm expecting NVT signal to turn SELL once we have massive sell off from this parabolic rally. Market really took everyone by surprise by this rally. Everyone thought 6k was expected massive resistance and that's precisely market took advantage of. Anticipating HUGE reward with minimum risk, SHORTS piled up and Market wasn't going to let everyone win. Now Market rallied to unorganic height at 7K, people are piling up their LONGS fueled by greed and FOMO. what do you think it will happen now? What do you think MARKET will do? Market is going to SELL. Just enough to push it back to major resistance level at a time to let everyone think they are buying at the pullback. Then another massive SELL. This process will repeat until people who bought at the TOP will start SELL with fear. Market always wins over crowd. Think contrarian. Be patient.
BEAR MARKET HAS ENDED.
I think Bear market ended on December 2018. we have the bottom at around $3100. BUT, We need more time around accumulation zone (4K-5K). Major brokerage houses like Fidelity and Ameritrades are coming with institutional funding to the Crypto realm and they are not going to buy at high prices. I expect heavy accumulation around 4K.
THE NEW BULL NEEDS MORE TIME BUILDING UP MOMENTUM.
Comparing to the 2015 bear market, we had 59 weeks between TOP to BOTTOM in 2015 and we have 52 weeks from the TOP to the BOTTOM in 2019. 7 weeks short but pretty damn close time frame. it means we probably need similar type of accumulation period as 2015 bear market. Right now we are only 21 weeks from the BOTTOM. Bull needs more time. AT least to late August - September.
Be patient. Move slow. buy at major pull backs. we have time. no need to hurry. accumulate accordingly.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.