Hello everyone, I have been using this chart ever since wave 2 and have been shorting OIL since $110ish. Why? We all know oil is overpriced and it went up parabolically after having crashed to negative prices. I believe oil has much more to go down as the PetroDollar is dying. China,alongside BRICS members, have united forces to create the PETROyuan and will...
Pretty ugly chart, but we'll look past that for a bit.
BTCUSD has been making multiple M formations over the last few weeks and it appears we are retesting the neckline of the M that began at $7,200. By formation, the target for the decision point lies in the range of $8,300, along the .236 retracement point on the fib levels running from $6,000 to $11,800.
If...
