Looking to the past we have repeatet stronger downtrends for 2 to 3 weeks (red lines). The special situation in March 2020 was causing a dip twice as deep. Continuing this pattern I come to the conclusion that we are at the next itermediate bottom zone beginning June (first half of the second week if I should bet now). There is a small chance that we might go deeper the weeks after.
Just another guess, nobody should listen to me.
Trade active
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I decided to have 3 levels where I will buy: - 8'100 EUR / 8'900 USD - 6'800 EUR / 7'500 USD which might take until beginning of June to happen - 5'600 EUR / 6'200 USD which might not happen at all
What are you thinking? What are your plans? Would be cool to disuss and get some ideas / insights.
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The assumption behind my idea is: the major part of trading happens with algorithms. Algorithms produce the same output, when identical input is given. We could discuss about AI and all the sophisticated stuff BlackRock’s Aladdin is supposed to do, but that’s not what’s happening in the real world. As an IT guy I know that neural nets and deep learning are nothing more, but silly small scripts chained together.
I'm not at the point where my own automated analysis predicts what all the other algorithms will do. Which means my human guess can totally be wrong.
This idea is still pretty much intact. Only delayed a week maybe. Let’s see. My setup is still the same.
J-J-
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Short update: there is a lot of upward pressure but nothing extraordinary or even "moonish" so far. I'm curious where we are going from here. So far, my plan is still in place.
J-J-
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Funny enough that it went super fast to checkpoint one (8100 euro) today but it also only touched it short to trigger my order and went up a bit again. Let’s see how this will continue. Happy trading for you all and remember: don’t listen to me.