Here is a long term view.
======================
A H&S formed.
Probably we dive at $6.5k.
I expect a bounce and retest of the MA200 at $9k.
Most likely we'll fail and we'll visit the bottom of the channel at $3k.
A long capitulation will follow then.
======================
A H&S formed.
Probably we dive at $6.5k.
I expect a bounce and retest of the MA200 at $9k.
Most likely we'll fail and we'll visit the bottom of the channel at $3k.
A long capitulation will follow then.