*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Recap: Bitcoin along with the US market should take a decent hit sometime this week due to the continuation of strength in the US dollar . Bear-Index's, the dollar, and energy appear to be where the money will be flowing during this period if this does play out. This would lead to a temporary slowdown in the growing Chinese economy and allow it to retest support.
The likelihood of a 12k-15k scenario is increasing.
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Recap: Bitcoin along with the US market should take a decent hit sometime this week due to the continuation of strength in the US dollar . Bear-Index's, the dollar, and energy appear to be where the money will be flowing during this period if this does play out. This would lead to a temporary slowdown in the growing Chinese economy and allow it to retest support.
The likelihood of a 12k-15k scenario is increasing.
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Commentaire:
We may get a 4th of July rally. A very short-lived rally we believe. We will have a clearer picture by Wednesday of next week. So far, we see Thursday and Friday being very red for the market. This is only speculation of course.
Commentaire:
This scenario could play out in August. July is typically a bullish month, golden opportunity for shorts to take profits on puts and reload once we finish this bullish cycle.
Commentaire:
$15k is back on the table.
