"The real bottom callers"... haha! Even Masterluc stopped making grand predictions about top and bottom. This market is much more unpredictable than years ago, truly a chop fest, with clear patterns only visible zoomed out after the fact. It looks quite a lot like oil charts now. I don't bother much with predictions anymore. I just wait for a clear trend and ride it.
But here's some food for thought. There is a big confluence of potentially important levels in the $3,000 area. Upside and downside pivots from 2017, a long term log trend line and the 200-week MA:
Given the length of the February-June range, it's definitely reasonable for price to get halved from here. It doesn't
have to but it would be totally normal. My guess would be a wick below the log trend and the round $3K level:
$2,970.
in the rules the price was 0.125 and if there was a kind of explanation why that price .... an additional 0.025
that why the 0.025
cheers mate
