So if crypto taught me anything the past few years its the 50% rule - At some point there is a 50% retracement from the ATH, which seems to be a much slower process back on the stock market - Putting the possible, eventual retracement in the 8k region!
WITH THAT SAID, at reduced volatility, a 30%-40% retracement is a margin more reasonable with 10k being a strong psychological barrier in any market.
This is a late night, CASUAL observation that I may continue to update should it begin to BEAR any fruit! (forgive me). Although in all honesty I hope I'm completely off the mark unless you're a great reset kinda person
WITH THAT SAID, at reduced volatility, a 30%-40% retracement is a margin more reasonable with 10k being a strong psychological barrier in any market.
This is a late night, CASUAL observation that I may continue to update should it begin to BEAR any fruit! (forgive me). Although in all honesty I hope I'm completely off the mark unless you're a great reset kinda person
Comment:
Not exactly as I anticipated, but definitely happy to successfully call a big dip relatively near the top!
