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Author Topic: Possible Market Fall, Still in the Bear  (Read 20 times)
Nathrixxx (OP)
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Today at 12:53:40 PM
 #1



I tried to speculate the market and look on the recent performance and compare it to the ones we already have of recent for this month of May, I observe from the pattern of this recent fall that we had, which make the price dip to $72,000 and giving a closer look, this pattern of fall wasn't the common one we see as a result of market shock, which we often see react and fall, then develop support to a certain limit and reclaimed close to the initial price before the fall.

The idea here suggest that when a fall like this happen, the market reclaim a particular resistance or close to it, while the little pump we see at $74,000 as a result of $72,000 fall could just be a fake out, preparing on further fall ahead.

While in this case I don't think there is any sudden economical updates that trigger this fall than a normal pattern that suggest or indicate for market fall, which means we are on a downtrend and this continues as further fall is very possible, the market can dip to $69,000 towards this month end and or by next month, so let's be more bearish in our prediction these days than bullish.

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philipma1957
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Today at 02:58:46 PM
 #2

82x.75= 61.5k would be bear

and we would have had a short weak baby bull that was slaughter for veal.

you are jumping the gun eager to call bear when at most you saw a bear track not a bear.

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