My fellow traders, was I right about telling you not to hold any long trades yesterday? Hit that LIKE button for me now! 🙂
As anticipated, the selloff continued as the odds of capitulation weigh heavily in recent market sentiment.
My last 3 analyses on have been accurate and that calls for a hat-trick! Yeah, baby… I am on fire! 🙂
On November 30, I told you that would drop to 3877 when it was still trading at 4300. Six hours later, price dropped to 3861
On December 1, I warned you about the bull trap (bounce) and why I believed would fall below key support. Two days later, it happened.
On December 3, I told you not to hold any long position and the selloff would continue because the odds favored the bears. You saw what happened 10 hours later, right?
But hey, the market has completely erased yesterday’s loss with that quick bounce earlier. Does it mean is going to moon? I really hope that too but right now, that upswing is more like a dead cat bounce to trap more FOMO buyers. Unless price gets back above 4200, I would stay the hell away from the market.
What is likeliest to happen right now? Well… give this post a LIKE now and I will tell you. 🙂
Based on what I see from my indicators, I am inclined to believe that the the downtrend is going to resume within the next 12 hours. Let’s see if I can get FOUR WINS in a row. 🙂
As I said earlier, if get back to 4200, then we would likely see more upside. Until then, the best way to protect yourself is to stay in the sidelines.
Good luck and trade safe!
By the way, my PRO members are one-step ahead of the 99% norm traders in the market. You can still join my family of PRO traders right now if you want.
Published at Tue, 04 Dec 2018 09:41:41 +0000
