US30-- A humbling realization that the bull run may not be over

2022年11月11日

And, just when you thought the world was about to end..
Jussst when you thought that Bitcoin had found the bottom..
Jussssst when you think that you might as well just enter
into a macro trend because its never going to end..
Jusssssssst when you find a perfect trend line and decide to
over leverage just this one time..

The universe wags its finger, and albeit the market expects the
Fed to ease up on interest rates for the holiday.

If somebody asked me "Bobby? Do you think youll ever possess
a Bitcoin for less than you bought it?" back when Bitcoin was
going parabolic in 2018, I would have bet you that I wouldn't.
I would have bet you a Bitcoin!

I'm sharing my weekly analysis of the Dow Jones Industrial Average.
After discussing the post CPI news trading day with a colleague and
close friend of mine, and taking an umpteenth look at the numbers,
a slight adjustment in my theory brought some major clarity to this
recent price action, and it dawned on me: I have no idea what is
actually going to happen. It also didn't make it any better that i was
completely unaware that the November interest rate was announced
an entire week ago, LOL...

That realization was also an emphasis on how important it is to keep
things simple when trading and to manage our risk properly and
patiently.

Check out my analysis, and let me know if you think 33,800 is a critical
level like I do.