I have a position in this rebound in the A-share ChiNext market too—I picked up some ChiNext ETFs, and I’m planning to exit once it gets close to 3,000 points.
But I’ve seen quite a few people saying that a right-side trend opportunity has arrived. Honestly, that call sends a chill down my spine.
Take a look at the weekly, three-week, or even monthly charts: the huge bearish structure is still right there. The bear market is nowhere near over.
This is one of my rebound trades, not a signal that a bull market reversal is underway. If you’re looking to buy the dip, take it slow—the timing is still early.
The same goes for crypto: the monthly chart for $BTC /$ETH hasn’t shown a reversal structure either. A rebound ≠ a reversal. Don’t hold a trading position as if it were a trend position.
#BTC #Crypto
But I’ve seen quite a few people saying that a right-side trend opportunity has arrived. Honestly, that call sends a chill down my spine.
Take a look at the weekly, three-week, or even monthly charts: the huge bearish structure is still right there. The bear market is nowhere near over.
This is one of my rebound trades, not a signal that a bull market reversal is underway. If you’re looking to buy the dip, take it slow—the timing is still early.
The same goes for crypto: the monthly chart for $BTC /$ETH hasn’t shown a reversal structure either. A rebound ≠ a reversal. Don’t hold a trading position as if it were a trend position.
#BTC #Crypto
