This chart here is extremely self-explanatory folks.
RSI is in the toilet and trends are repeating themselves. This is the fourth iteration of the SAME exact pattern now. We have a peak, see a correction, price runs up fast, and then drops even faster. And what has happened the last three times this took place? Price bounced and we see bullish sentiment return.
This is uncharted territory for us all. You're doing yourself a disservice if you contemplate a short here. Not one indication is telling me we go much lower.
RSI is in the toilet and trends are repeating themselves. This is the fourth iteration of the SAME exact pattern now. We have a peak, see a correction, price runs up fast, and then drops even faster. And what has happened the last three times this took place? Price bounced and we see bullish sentiment return.
This is uncharted territory for us all. You're doing yourself a disservice if you contemplate a short here. Not one indication is telling me we go much lower.