So, since Nov 2020 we've been on this trend line for the bottom, you can clearly see multiple touch points with the recent drops bouncing off it and us retesting again.
I feel a lot of people are going to be watching this who are stock-to-flow fans, because if we drop below this it's going to signal a massive loss of confidence and potentially take us properly into a bear market.
What do you guys think? Do we bounce and it holds, or is it just a matter of time for this strong trend line to break?
I feel a lot of people are going to be watching this who are stock-to-flow fans, because if we drop below this it's going to signal a massive loss of confidence and potentially take us properly into a bear market.
What do you guys think? Do we bounce and it holds, or is it just a matter of time for this strong trend line to break?