We've followed major capitulations/reversals before such as April capitulation of 2013, July reversals for 2013 and 2017, September capitulations in 2013 & 2017, reversals in October of 2013 & 2017.
Will the November 9th capitulation be any different? I'm going to say probably not. I expect a 'scam-wick' down to anywhere from 56k to 47k before we finally make a significant move upwards that we've been expecting for November/December.
To see the patterns I'm talking about, refer to my related ideas.
Will the November 9th capitulation be any different? I'm going to say probably not. I expect a 'scam-wick' down to anywhere from 56k to 47k before we finally make a significant move upwards that we've been expecting for November/December.
To see the patterns I'm talking about, refer to my related ideas.
Trade active:
if we don't see any significant drop by the close of today, I'll be resuming my bullish trades particularly on far-oversold alts
Trade closed: stop reached:
November 9th was definitely uneventful. I'm looking for that 25-30% correction either in the 70-80k area or at 100k
Comment:
Tragic that the drop happened the day after... wtf
