Ok ok…don’t get too excited all right? Please….
You as a stock trader / investor obviously………looking for some kind of direction / light at the end of the tunnel / idea of the future / means to make a decision. Fair enough.
As suggested earlier – the volatility ( in my view ) certainly indication of something larger…..something looming…something ominous.. something – unknown.
Something you just can’t put your finger on ( or more likely – “are unwilling to do so” ) as “you” as well – see it so clearly.
Something’s not right. You know it. Your gut knows it. I know you know it. You know that I know – you know it. Son of a bitch ‘eh?
Simply put. I see the daily cycle in both stocks as well cryptos as being “extremely stretched” ( some 50 days now ) with thought in mind that……as the algo’s change ( from buy to sell ) the bumps in the road get larger….the time between cycles get wider….”everything” starts pushing you to the limits of your psychological ability to “hang in there” and keep trading / soldiering on.
We will now push to new highs ( or very, very close ) in equities……and cryptos will rebound.
It will be at this point ( near the all time highs in equities ) that I challenge your psychological being once again……
Consider equities topping out at this point ( near new highs / possibly a notch higher ) then some incredible instance where billions fall out of equities markets, only to land on every coin / crypto they possibly can at rock bottom prices.
Sector rotation? Can you consider cryptocurrencies a sector yet? ( 300 billion dollar market cap at present..hmmmm….) Guess it’s just a fad.