Not real purpose to this TA, I'm already short. Targeting 3400-3500.
Although, I do think we have ended the downtrend. We have now entered a sideways trading range that might stretch for 6 months to a year.
Pinkish trend line held through late 2015 until march 2017 before take off to the moon and now we are back. Will $4000 hold is the question.
One take from the 2014 fractal suggests we break this trend line sideways and bounce on top of the support level at $3800.
Another take on it suggest range between $3000 and $3800 before dropping to $2000.
Note that golden...