few words before i share my thoughts. the market is a very complex instrument - there's never a sure path as it is completely controlled by human emotion, and complicated algorithms. we as traders must adapt to the ever-changing market conditions, or else we risk getting left behind (simple as that). there's a dozen different paths the market can take at any given moment, but it generally takes the path of mass destruction. >what i mean by this, is the market doesn't care about bulls nor bears - it'll simply do whatever it takes to suck away all of their money, collectively.
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that being said, i think a lot of people are very bearish overly pessimistic, terrified, and not expecting higher prices at this time. a very small portion of the market understands the lunar cycles, let alone what a "mercury retrograde is \ how it impacts the global markets". >not gonna give you an astrological lesson here - but you can keep an eye out for my videos where i dive deep into these topics sometimes.
today's sharp rejection scared the last of the bull bro's, and has sent the bear bro's into full euphoria. what i think comes next, is an unexpected occurrence - a pure melt up phase to roughly $4300 which will make a very significant peak in this market for at least 30 days after it is reached.
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if you saw my video this morning, you know what my stance on the market is - and this is a slightly modified look to that particular idea as of today's price action.
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not financial advice, be very careful in the days ahead.
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