I have a pretty good feeling we will drift up in the overnight session, only to get sold off at the open. But overall, a reversal is around the corner IMO. BTW I really like making these directional calls. So relaxing. Much better than posting trades. LOL
Selling pressures are still on because no big buyer wants to take a bull case to extreme, even knows that Fed will hike 50bps next week.I’d sell 1 more March contract if rallies and ready to close December contract around 50ma.
Thanks to all for your commentary. I mostly lurk here but you help me with what to watch for. I bought at 3927.50 a half an hour before the close and sold at 3944 15 minutes after the close. All donations are accepted.
Crazy how markets work sometimes. While indices had lots of volatility and range today Bitcoin had a range of approx $200 for the last 24 hours.
You got rewarded, this time, for going against the trend .... and probabilities. I try not to. After learning the hard way too many times.
Yes but I am not trying to catch the trend just a move, if you give me 5 or 10 points I will take it. After long observation I have noticed that certain times of the day are pivotal, with 30 minutes before the close being one of them. Its not 100% but good probability.