fake double top followed by bounce on MA100 and killer green candle to break through prior highs and kick off bullish confidence into price discovery. real double top or rejection at prior highs could lead us to green uptrend line, short term trend, or 40-45k levels if we bleed.
We are not in a bear market. This is normal, healthy movement. in 2017 bull run, there was:
- 12 dips from 10-25%
- 6 corrections from 30-40%
we are only at 28% down. we are not in a valid correction until we break under main uptrending support.
uptrending support is white line, and is what draws underlying trend. EMA50 does not deviate to far from it, which...