We need some technical support on the 2020 bottom and it just so happens that it lines up with the long term ascending support line in the next year. I think at this moment entering short is silly as we could see more upside but I do believe that reaching the top of the ascending triangle later this year will be a good time to enter short position. That support line now also lines up with .618 retracement. This would leave us with a short ~22 month bear market. More practical IMO than a 7 year bear market as some analysts are predicting. Fed likes "V Shaped recoveries" and they will build technical support on those types of recoveries I think. Lots of money to be made in the volatility.
Hi....so you saying (predicting with your analysis) that it is still going to go up to +/- 42k before any drop to +/- 20k and this will only happen sometime later this year. So you see the markets going UP till late in the year. I'm SHORT at the moment (have been for a while) but I see EVERY drop there is ALWAYS some pullback up to the top.....almost all drops are followed by a major rise back up......Thanks for sharing. Cheers