Another Bossian prediction: buy at 6.6k, sell at 8k

[Bossian]

Dear folks

My last prediction was to sell at 8.4k and wait for a buy opportunity.

This call played out well, selling at 8.4k was definitely a good move. Now the next move is to wait for 6.5k area (strong support), buy and and wait for the bounce towards 8k area (conservative target).

(Stop loss: 5.9k).

Two main reasons for this:
- Fear index right now is very clear (remember, buying when people are panicking often generates profits)
- A lower high is expected after seeing 10.5k and 9.5k lately, that is if the downtrend continues.

Remember: just listen to the herd, and do the opposite. Right now, the herd is selling, some think it is correlated to the virus (which I don't think it is, but whatever), the whales will be tempted to buy very soon.

Best of luck whatever your next move is!

[exstasie]

My last prediction was to sell at 8.4k and wait for a buy opportunity.

This call played out well, selling at 8.4k was definitely a good move. Now the next move is to wait for 6.5k area (strong support), buy and and wait for the bounce towards 8k area (conservative target).

(Stop loss: 5.9k).

I could have sworn I saw a $7.5K buy signal earlier.

Anyway the bulls got slaughtered today. I thought there was a slight possibility of seeing the 200-week MA, but not today, not before a bounce. That was a single 30-minute candle from the $7,300s to the $5,500s just now. Brutal! Glad I was not margin long but I'm bag holding now on some earlier dip buys.

What now?