$1,200-$2,800 inbound — @mduchow on read.cash

@mduchow 16 March 2020 more from that month

$1,200-$2,800 inbound

I mean I hate to say I told you so... but I told you so.

Was a KILLER short trade but I hope nobody was hurt too bad by the fall. But are we done? I don't Think so!

3 comments

@Read.Cash 16 March 2020

Nicely predicted!
@molecular 16 March 2020

the dumps are driven by the global liquidity crisis. I don't currently put much faith into technical predictions. of course 1.2 to 2.8k is possible, but I wouldn't net on it. the central Banks of the world currently hold a go-wild card and they are using it. once this wave of liquidity hits those shorts are going to be in trouble. it's all about timing, and that is hard at St this time especially.
@jonald_fyookball 17 March 2020

"Fibs" are highly overrated and not an effective way to trade. Price will always be near some fib level or in between 2 other fibs, and there are too many different levels to be meaningful. It's much more effective to simply use S/R from prior price action.