Hi guys!
Firstly; if there is any mistake, sorry for my english in advance :)
I draw first version of this chart on 7th January and have been following it for 1 month. It saved me from 2 crashes. (on 17th January and yesterday) If it works again; it says we are going to see "maybe" one last fall. There are 2 scenarios:
1) On 3rd-4th Mar we can touch around 6K. If our main trend line holds; we will continue to our way from here.
2) We can go around 5K on 7th-8th Mar. (As you might guess, there will be toooo much buyers 5K-6K; can return from anywhere in this range.)
Corrections are good, if you are looking at the long term health of an asset. Let's see what will happen :)
I appreciate and look forward to your comments.
Firstly; if there is any mistake, sorry for my english in advance :)
I draw first version of this chart on 7th January and have been following it for 1 month. It saved me from 2 crashes. (on 17th January and yesterday) If it works again; it says we are going to see "maybe" one last fall. There are 2 scenarios:
1) On 3rd-4th Mar we can touch around 6K. If our main trend line holds; we will continue to our way from here.
2) We can go around 5K on 7th-8th Mar. (As you might guess, there will be toooo much buyers 5K-6K; can return from anywhere in this range.)
Corrections are good, if you are looking at the long term health of an asset. Let's see what will happen :)
I appreciate and look forward to your comments.