Market Update 9/18/22 Part 2
TLDR; We were getting sold down for no reason. Now there is also a reason for sane people to sell (convergence of 2HR and 4HR hulls). Maybe it gets manipulated back up and that's perfectly fine by me.
Just an overview of what I think may happen when the VIX starts and some possibilities for the stock market open based on where APPL may start. Currently the pressure at 20000 seems to be massive. It may be ignored, but I'm not someone to sit in or believe that a trade is good based on copium. Its 10x easier to trade BTC and Crypto when the market is open as opposed to the weekend when things like this happen. So its just safer to wait for the market, in my opinion.
I don't want to type more. That's why I make Videos.
Just an overview of what I think may happen when the VIX starts and some possibilities for the stock market open based on where APPL may start. Currently the pressure at 20000 seems to be massive. It may be ignored, but I'm not someone to sit in or believe that a trade is good based on copium. Its 10x easier to trade BTC and Crypto when the market is open as opposed to the weekend when things like this happen. So its just safer to wait for the market, in my opinion.
I don't want to type more. That's why I make Videos.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.