As much as I don't want to look at it this way, the similarity to a "bubble chart" is just exceptional. Obviously I'm not the first one to notice this, but you always have to look at both sides of a coin. This is just one of the possibilities, the line is drawn with no intention of price speculation, who knows how deep it could go. And also bubbles could take years to pop.
Also, notice that the Stoch on the daily is almost overbought, so I doubt we will break the 11700 resistance.
You have been warned, stay safe!
Also, notice that the Stoch on the daily is almost overbought, so I doubt we will break the 11700 resistance.
You have been warned, stay safe!
Comment:
The bloodshed has begun, looks like the bearish scenario is in play as expected.