On the bright side of things we need to get a small number of 25-30ish percent corrections under our belt as we march to 100k, so if we get the first one here then that is some serious progress. Really looking forward to the crash from 25k to 17.5k
25-30% from 7400 is around 5000.
There may be some good support at 6k, but if that fails then 5k is a good level to build from. Time is in some ways more important than price. Support levels are created through trade and time spent at a particular level.
I am hopeful that 6k will hold, but 5k would not be so bad. Although I don't trade, I would think it prudent for those who took profits at ~7300 to buy at least half back when it gets to 6300.
Whoaza, Majormax.
Turning into a BIGGER bull than me. hahahahaha
I am not turning into anything.
When in doubt, deny.
Have always been exactly the same in my views. There is still a possibilty of a sub 2k low this year (see above), but I would put it at maybe 10% now.
Fair enough. I would put sub $2k as a bit less than 10%, but who knows, we would have a lot of support levels to break before that outline would once again become feasible, including breaking our current $3,122 low for this corrective cycle.
I believed the bull was over, and we had entered a bear market when I posted in Jan 2018 , and I now believe that the balance of probabilities is that bear market is ending.
I think that we concur that the bear market has likely ended.
As I said back in Feb 2018, a Bear low of 2k to 3k would seem about right.
I stand by my statement, too, and I had asserted that you had predicted too early.... even though you ended up being correct... so nothing wrong with either of that.
We are at least seeming to agree, currently, that signs of UP are looking much better now than they had been, in any event.
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