Supply and demand take a backseat to manipulation, AI and greed. There is no floor when it comes to the intrinsic value of any company based on dollars because there is no floor when it comes to the value of the dollar itself. Watch and weep.
It takes some practice but when in place the retracement allows awareness of price limits when zoomed in on smaller time scales with colored chart areas. The (.5) and (.618) markers invariably have weight in price action.
As a foundation to my theory - this chart shows crypto to be the new Gold regardless of predictions by talking heads.
Fundamentally, most disasters are man made, usually when we see ourselves as God. That is a whole other topic. COVID itself being man made is not as important as the power grab by ideologists (the bane of mankind) and the restriction of freedoms...
