Just an old chart that keeps playing out pretty well.
It is by no means financial advice.
The run up a few days back was a nice fakeout in my opinion.
Now we just resume the downtrend.
Next stop on the way down is 6.3k, i am not buying there as i expect it to go down at least one more step.
That will take us to 4.7k, buying a small stack there as it might flash crash from there.......
It is not about predicting the future, it is about being prepared for multiple scenario's.
It is by no means financial advice.
The run up a few days back was a nice fakeout in my opinion.
Now we just resume the downtrend.
Next stop on the way down is 6.3k, i am not buying there as i expect it to go down at least one more step.
That will take us to 4.7k, buying a small stack there as it might flash crash from there.......
It is not about predicting the future, it is about being prepared for multiple scenario's.