Post by
GalaxyThunder1 on Apr 13, 2022 12:51am
Crowded Trade.. both overly extended ( Oil and USD )
When Oil was overly extended .. it went into a major pullback. From over $150 down below $100
The pullback let out a lot of air and right now Oil is trying to sustain the $100 level.
If you betting heavy on Oil , you need Putin to attack another country like a nato country .. in order to get another wild spike in oil, Otherwise, oil going to be struggling at the $100 level.
The USD also another overly extended trade ( another crowded trade ) .. rallying on rate hikes and the chaos of Russia / Ukraine War. USD will do a major pullback real soon, it's a totally crowded trade... don't touch it.
The only place you want to be now is Bitcoin ... due to Bitcoin mid-halving, overbought USD, nasdaq selling exhaution, a clear indication of a major rebound rally, and of course, the Russian / Ukraine War coming to an end before this Summer.