Recently there are many rumours-doesn't matter if right or wrong- that we are having a crash similar to 2014. Although I'm not a true believer of it, we had similar waves until now. The action inside those waves were almost identical, what mattered was the speed-as seen from the 2nd wave on the chart comparison. And I think that since we could make it through this 2nd wave much quicker than the 2014 one, the whole bearish scenario won't really take that long too.
I'm still in the trade of my previous idea of bullish cycle, but if this bearish scenario plays out; it looks like we'll have a bounce here and slowly going further down to: 4750$ with a repeated semi-long term bounce from that point. (From some personal calculations, I think the next bottom will be 4750 OR 4100)
I'm still in the trade of my previous idea of bullish cycle, but if this bearish scenario plays out; it looks like we'll have a bounce here and slowly going further down to: 4750$ with a repeated semi-long term bounce from that point. (From some personal calculations, I think the next bottom will be 4750 OR 4100)