ATHs Reached, What Now?
It's been some time as we were simply waiting on this major market movement to occur and reach all time highs. So the question is, what comes next?
My speculative hypothesis is:
We get a deep market retracement. Eventually.
My actual plan is this:
We have broken out of a major range that we were in for ~6 months. Now we monitor price and wait for the next structure to build. This structure can be another range, such as the small range example on chart. Or it can be a reasonably sharp reversal at some point.
But the key is that the anxiety can be removed from trying to constantly catch a top (if you are also somewhat bearish), by reassuring yourself that the market will show itself bearish when the time comes. That's why we have a hypothesis but will still wait for the next structure to form.
And that is exactly what I will be doing from now, beginning to scale some profit on spot holdings as I see fit and monitoring larger timeframes to watch for the next structure.
My speculative hypothesis is:
We get a deep market retracement. Eventually.
My actual plan is this:
We have broken out of a major range that we were in for ~6 months. Now we monitor price and wait for the next structure to build. This structure can be another range, such as the small range example on chart. Or it can be a reasonably sharp reversal at some point.
But the key is that the anxiety can be removed from trying to constantly catch a top (if you are also somewhat bearish), by reassuring yourself that the market will show itself bearish when the time comes. That's why we have a hypothesis but will still wait for the next structure to form.
And that is exactly what I will be doing from now, beginning to scale some profit on spot holdings as I see fit and monitoring larger timeframes to watch for the next structure.
Telegram @SusWhale
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