See my previous idea - The Line Holds Strong
It's pretty self-explanatory. You see the line that begins from the peak of 2013, and then crosses the peak of 2017, and then acts as support in 2021 - many times. And looky what we have here, another bounce right off the damn line.
Compare the line with my previous post if you think I have changed the line.
You don't see this line posted anywhere - I've never seen it. We have hit the bottom.
The only thing I could probably expect from here is that at some point we have a quick and nasty capitulation wick to POSSIBLY close the 24k, but it will be quick like March 2020. If you are non-leveraged then it won 't affect you.
Compare the line with my previous post if you think I have changed the line.
You don't see this line posted anywhere - I've never seen it. We have hit the bottom.
The only thing I could probably expect from here is that at some point we have a quick and nasty capitulation wick to POSSIBLY close the 24k, but it will be quick like March 2020. If you are non-leveraged then it won 't affect you.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.