All part of the securitization and commoditization of a new asset class. DYOR. (Construction note: current hypothetical High 19891/ Low 1692.9 same ratio as earlier real High 1175/ Low 100)
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Note: What I mean by 1st June is month of June (as is monthly chart)
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Here's some weekend fun.
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Bull run comparisosns using 61.8% retracements and 200 MA
See how well 61.8 retrace June '16 match June '19 from Dec '13 & Dec '17 Highs Also how well 200 MA High June '14 match June '18 with price crossovers June '16 & June '19. All part of securitization & commoditization of new asset class NOT ADVICE DYOR
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Worth taking notice. Shorts have edged up. We now have the completion of a purple bordered box. What next? RSI did not touch bottom. Hmm. NOT ADVICE. DYOR.
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Downturn over, or, RSI still to finish. You decide. Details on chart. NOT ADVICE. DYOR