A long time ago, over 100 days in fact, I saw that Matic peaked out. I was about to short it, but then someone in a group I was sharing my idea with told me not to because “it’s dangerous to short in a bull market”. So I decided not to short it. As the chart shows, he was dead wrong. The lesson here is to ignore everyone else, they are all relatively useless and zero people understand your own strategy better than you do.

This time for Matic, I do not care what anyone else says, I am taking a large long position here because the setup is brilliant. As you can see it finished the macro movement up and is in a corrective phase, having nearly completed what could be wave A down as a leading diagonal . Bear in mind that since this is a leading diagonal two things will happen:

Wave B will be quite sharp and “unexpected” for retail.
Wave C will be far far more aggressive than wave A, and send Matic to very low prices, probably with a bottom around $0.60.

Thanks for playing.