It's uncomfortable to be back down here but it's not unfamiliar

It's either gonna be a double bottom or worst case you're gonna have to eat dick for a few days and 100-200 points down to the 50 month MA on $ES Hold thy titties

This eventually played out and we're now well into high 40ks on $BTC but now that we've had the bounce, I wanted open up a new thread on what I think are some paths

Let me start by saying I think the most probably path on the weekly picture is⤵️at least into the low 40k area..

https://twitter.com/SoccerMomTrades/status/1401322243561607173

As you can see from quoted tweet, I was bullish in the low 30k range between May to June because we had such a notable dump that it turned sentiment very bearish with sellers piling on late and shooting for aggressive sub 30k targets, even HODLers didn't wanna DCA till lower..

Down here you're risking what 7-10% for potential 25%+ upside on $BTC imo #Bitcoin

I'm long term bearish and believe likely ATH is set (see quoted tweet) but sentiment is too piss poor right now...a move to low-mid 40k and tilts hard the other way, you bring in fresh🍭to take

https://twitter.com/SoccerMomTrades/status/1389376055509725184

Watch that 8 pm EST daily candle closing print right now -1 std dev of 20bb $btc

I speculate in FinTwit, a community of traders, many are forced to sit at a desk for a significant portion of their day and have back pain 🤕 ...I too struggle with this

Your hip flexors are tight and weak at end range (worst combo for muscle), here are steps to fix it 👇👩‍⚕️ 1. Order one of these "hip circle bands" off of Amazon, there's an amazonbasics version

Apr 9th $ES thread

We talked about this 2 days ago...a high and tight band may resolve upward initially but it's hard to keep momentum up especially when so far from 20 & 50 dma

Below 50 hour ma (pink line) we back in balance and below 4072 sellers take control

Air pockets 👇

https://twitter.com/SoccerMomTrades/status/1379884807287672838

This is also first loss of +2 std dev line on this entire move above it ... Big air pocket till +1 std dev line

This is one of those situations where when we do roll over, the selling will get as deep as momentum chasers / late longs are willing to puke up

Apr 8th $ES Thread

Spike to 4090s overnight that market is trying to revisit

I am 100% out of longs and cashed up as of RTH open

Will redeploy when we get a long liquidation to space between +1 and +0.5 std dev bands (3984-4011 now, may move up)

https://twitter.com/SoccerMomTrades/status/1379820267539738624

The BBW (Bollinger Bandwidth) squeeze resolved upward but with very little momentum and already waning....a move back under the 50 hour MA (pink) could send us into a nice long liquidation

https://twitter.com/SoccerMomTrades/status/1379884807287672838?s=20

All right, took some time to reflect on bigger picture of $ES

Imo we closed in no (wo)man's land leaving both sides🤔

There is a fairly sizeable air pocket to the downside but I personally don't like "betting" big on weakness that's so "advertised" thus I'm neutral

/n First off let's look at $ES , it was actually on its way to a pretty decent close above the +1 std dev on weekly but it's like at 3:45 someone said "fuck that"

I've mentioned before for sellers I prefer closes above as it keeps buyers comfortable and you can shock them on OVN

BUY $SPY CALLS TRUST THE PROCESS $ES

🏗️Funnel Method for Building a Core Position 🏗️

If you have belief in a company or thesis, the best way to be exposed is with a core position. I use a funnel method where you use a couple of short and intermediate trading timeframes and "funnel" the profits to your core

1/n Let's say you really believe in $AMD in April and want to have a decent exposure for an eventual breakout. You don't know exactly how this happens. So you allocate 1/2 of the money for this position to a core of 1000 shares and the other half to the funnel method techniques

Cannabis stock chatter getting too hot....trimming some to add later $CGC / $CRON loool $sndl

📔 Mom's VWAP Workshop Thread 📔

The Volume Weighted Average Price (VWAP) is a reference line you can place on your chart based on a combination of price and volume. Unlike price-only Simple Moving Averages (MA), it changes direction when price movement has volume behind it. This is the best non-mathematical way to look at the VWAP:

"Draw the VWAP across any duration of time.....if you sold above it, you got a better deal than the average sellers...if you bought below it, you get a better deal than the average buyer"

intraday example