2013 Repeat? Retest August lows or straight Parabolic...
Left:
2013 Cycle
Right:
Current Cycle
The one thing I would like to point out is before the 2013 Q4 parabolic run occurred there was a drop down near August lows. However, given majority of the leverage was wiped out during the drop from $52,000 to $40,000 and strong conviction with long term holders, there may not be enough selling pressure to revisit those levels.
For the time being I am majority cash and playing smaller moves on LTF's until I get more conviction in taking out the $44,100 - $44,500 range.
Once this occurs... well you can see what happens next :)
2013 Cycle
Right:
Current Cycle
The one thing I would like to point out is before the 2013 Q4 parabolic run occurred there was a drop down near August lows. However, given majority of the leverage was wiped out during the drop from $52,000 to $40,000 and strong conviction with long term holders, there may not be enough selling pressure to revisit those levels.
For the time being I am majority cash and playing smaller moves on LTF's until I get more conviction in taking out the $44,100 - $44,500 range.
Once this occurs... well you can see what happens next :)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.