It's pretty self-explanatory. You see the line that begins from the peak of 2013, and then crosses the peak of 2017, and then acts as support in 2021 - many times. And looky what we have here, another bounce right off the damn line.
Compare the line with my previous post if you think I have changed the line.
You don't see this line posted anywhere - I've never seen it. We have hit the bottom.
The only thing I could probably expect from here is that at some point we have a quick and nasty capitulation wick to POSSIBLY close the 24k, but it will be quick like March 2020. If you are non-leveraged then it won 't affect you.
Compare the line with my previous post if you think I have changed the line.
You don't see this line posted anywhere - I've never seen it. We have hit the bottom.
The only thing I could probably expect from here is that at some point we have a quick and nasty capitulation wick to POSSIBLY close the 24k, but it will be quick like March 2020. If you are non-leveraged then it won 't affect you.