So yea, looking at the fib retracements since 20k we usually retrace to the .618 or at best the .786. And we are currently at the .618. Nothing has changed except us breaking a trendline, and the 200 ma. We have broken or tested the 200 ma at least once before in this bear market and also broken the trendline before ( for another to take its place later) so that isn’t enough to confirm a bull market. This looks like a fakeout, a massive bull trap and looks like everyone is falling for it. I think even if we get a golden cross it will soon lead to another death cross and a massive dump.
Commentaire:
Pay attention to where we’re at right now. We could STILL be in a bear market!