| price action across the board—both crypto and TradFI—continues to be brutal. we are at a stage where the majority have formulated a thesis that there will be pain before pleasure. you can read countless threads on Twitter citing how Trump wants to crush the markets and that this is some sort of 4D chess move to refinance the US debt at a lower interest rate. hes openly signaling that theres likely to be a recession, and hes not bothered about the stock markets. last time sentiment was this bad was during the COVID crash. now, this on its own is NOT a BUY signal or a bottom call, but its time to at least rethink any structural shorts.
slightest signs of intervention will ignite a counter-trend rally. The difference between the COVID crash and now is that the government was responding to a disaster by throwing unlimited money at it.
which caused V shape recovery.
Currently, it's what they want—or at least they make it appear so. We just don't know if, and when, there will be any intervention.
when you find slightest signs of it. it would be time to long.
till then its still is a scalpers market. Systems have been working well—both on the long and short sides. currently all systems are flashing extreme oversold levels, and we could likely be seeing a bounce.
last few bounces have been lackluster so sizing these trades would be the key.
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