If it ain't broke...
Cập nhật
Simple analysis of the last three cycle bottoms. Four-year-cycle theorists will tell you we're right on track for a big bull run to begin at the start of 2024.
Each of the last three bear market sell-offs has lasted approximately a year before bottoming out. Followed by a period of consolidation and a retest of the previous support/resistance. That's where we're at right now. If the pattern holds, we should expect to turn resistance back to support by the end of 2023, and begin a new bull run in early 2024.
If you're still betting on an >80% retracement from the top, I'm betting you're out of luck.
Each of the last three bear market sell-offs has lasted approximately a year before bottoming out. Followed by a period of consolidation and a retest of the previous support/resistance. That's where we're at right now. If the pattern holds, we should expect to turn resistance back to support by the end of 2023, and begin a new bull run in early 2024.
If you're still betting on an >80% retracement from the top, I'm betting you're out of luck.
Ghi chú
Super bull. I was expecting a retest of prior S/R in the lower 30s, but that's extremely unlikely at this point. New ATH in Q1 is way ahead of expectations. Should be a fun year or so.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.