Thought it was time to review some of last year's technical analysis before attempting to provide any fresh perspectives.
Part 1 and 3 have therefore been re-activated due to their relevance returning with Part 10 also cointuing to remain relevant:
Part 1: Descending Triangle Looking Similar To 2018 (Short - Re-active)
Update 14/03/20: Price broke through major support that will now act as strong resistance, putting the $2,600 possibility back on the table.
Part 3: A repeat of 2014? Worst Case Scenario A $2,500 Low (Short - Re-active)
Update 14/03/20: Price has fallen back into the 2014 fractal, with $6,200 now anticipated as strong resistance as indicated. $2,500 is back on the table.
Part 10: Extrapolating the 50 & 200 Day MA bear crosses (Short - Active)
Update 14/03/20: Price is noticeably dropped to similar levels as the 2012 death cross, .
This doesn't mean I'm suddenly "bearish" again, I'm still relatively neutral, whilst acknowledging the bearish possibility of falling lower - I can't ignore my own TA!
Similar to Tone Vays who thinks there's a 10% of breaking new lows, I also believe there is a low chance (around 20-25%) of falling lower than the new $3,850 low.
I will be providing some neutral/bullish analysis next week, after the Weekly close, as given the uber-bearish sentiment in the markets, I'm feeling more bullish again