Half a year correction coming to an end

6 maj 2022

Let's look at the numbers first:

• Fib 0.61 32.366
  
• vwap 35.682
  
• upper vwap 45.185
  

We are nearing the longterm trendline.
Bollinger Bands are within Keltner Channel, which can tell that the market are preparing itself for an explosive move (up or down) - the key is to be objective and follow the signals - no hopium.

For entering:
- waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long and vice versa).
- a breakout above the upper vwap at 45.185 will be a signal for going long

Exiting the position
- when the momentum changes (increase or decrease --- signified by a color change)
- Shorts should be covering at this level as we see a color change and momentum moving to 0

Stock Market Fear & Greed Index is at 31 (Fear)
Bitcoin Fear & Greed Index is at 22 (Extreme Fear)

Don't be controlled by fear, act on the signals.

Good trading / investing - be smart follow your gut - not some random dude, telling you now is the time to buy

be safe