We are approaching a critical moment of which I have been waiting for approximately 6 months. The capitulating fall which forces us to crash down to the previous break out points that will allow us to now reset the downtrend and break out of the critical resistances that are above us and continue our journey back to the high's.
If anyone follows my charting, late 2017 I have made it very clear, although my targets were a bit off that we are in a head and shoulder scenario where the market is going up very quickly and will certainly crash back down and return to where it started. As of now we are working on this move down, If we are able to quickly capitulate I am certain that we will find a load of buyers to drive us back to the high's.
I have two scenarios at this point. Scenario
1) we are too weak and will crash down now to our $4kish target
2) Bulls give it one more try and fail at the 9k area and the we will just post-pone the fall by a few weeks maybe one month.
Ultimately if you are in a position now you may want to reconsider or lighten the positions as once we drop we will be able to get prices that are a lot more appealing then what we are seeing now. This way you'll have funds to "buy the dip".
If you have any questions drop them in the comment section below, I usually respond to messages pretty well. Also like and follow my page, Share it with friends and be safe out there. Dont go risking your money.
A good trader is a trader that knows how to preserve capital and maximize returns.
If anyone follows my charting, late 2017 I have made it very clear, although my targets were a bit off that we are in a head and shoulder scenario where the market is going up very quickly and will certainly crash back down and return to where it started. As of now we are working on this move down, If we are able to quickly capitulate I am certain that we will find a load of buyers to drive us back to the high's.
I have two scenarios at this point. Scenario
1) we are too weak and will crash down now to our $4kish target
2) Bulls give it one more try and fail at the 9k area and the we will just post-pone the fall by a few weeks maybe one month.
Ultimately if you are in a position now you may want to reconsider or lighten the positions as once we drop we will be able to get prices that are a lot more appealing then what we are seeing now. This way you'll have funds to "buy the dip".
If you have any questions drop them in the comment section below, I usually respond to messages pretty well. Also like and follow my page, Share it with friends and be safe out there. Dont go risking your money.
A good trader is a trader that knows how to preserve capital and maximize returns.
