This is where I think we are comparing to 2015, and if history is about to repeat we have one more dip before bull market takes place.
Comment:
If we have that healthy retracement to happen in the coming days it would bring those two moving averages 50 and 20 closer to each other and once that golden cross occurs and rsi overcomes 60 level, it would be confirmation of the next bull market. Why this would confirm it is because it will prove the healthy demand is present and that buyers are turned bullish and just waited for the good entry position. Also this healthy last dip if it happens will bring the weekly stochastic rsi down in position for the next rally.