The higher this bull trend continues without relief, the deeper the eventual correction.
Thesis for correction
I am preparing for a 15-30% correction to begin within the next 5-10 days.
Not financial advice. Do your own research.
Thesis for correction
- Technical Pattern: Price action has formed an ascending wedge similar to the one formed in April/May '21 that started the major sell / bull cycle market correction.
- RSI: Flirting with 'overbought' for the past 2 weeks without mean reversion.
- Overall Sentiment: Moon bois are back. With market/public/social sentiment having completely flipped from bearish to bullish, a great opportunity to trap late bulls
I am preparing for a 15-30% correction to begin within the next 5-10 days.
Not financial advice. Do your own research.