I sense a big cup and handle forming so I'd like to point it out early. The depth of the cup would put the price action at the 2.618 extension.
This would also align with and be a third touch in a rising non horizontal resistance.
I see a lot of similarities with the 2017 top and the breakdown that followed.
SMA 50 crossed the SMA 100 at almost an identical spot in 2017 to mark the bottom of the trend.
Not financial advice. Just wanted to share my outlook in an increasingly fearful market.
Dont get rekt. Use cold storage.
GL
NFA
This would also align with and be a third touch in a rising non horizontal resistance.
I see a lot of similarities with the 2017 top and the breakdown that followed.
SMA 50 crossed the SMA 100 at almost an identical spot in 2017 to mark the bottom of the trend.
Not financial advice. Just wanted to share my outlook in an increasingly fearful market.
Dont get rekt. Use cold storage.
GL
NFA
Comment:
right on time
