we don't want to break too far below this or i'll be so wrong CNBC will offer me a job.
it's our starting point.
we started from there, jumped above, retested the high end of the channel, successfully (but not strong).
price retests and fails; hard.
one year later, it retests. fails; hard, but not as hard.
wait two years, test, fails, tests again
success!
but then the bubbles pop.
so the high end is retested, ASICS ensure that it fails.
now here we are.
i'm calling the bottom on a macro scale.
(this is not to say that the price can't crash to $0.10 and recover within a week)
it's our starting point.
we started from there, jumped above, retested the high end of the channel, successfully (but not strong).
price retests and fails; hard.
one year later, it retests. fails; hard, but not as hard.
wait two years, test, fails, tests again
success!
but then the bubbles pop.
so the high end is retested, ASICS ensure that it fails.
now here we are.
i'm calling the bottom on a macro scale.
(this is not to say that the price can't crash to $0.10 and recover within a week)