Bigger swings than anticipated. Next move: we're going up!
If you look at the previous version of this TA I posted it has panned out perfectly with slightly larger swings than anticipated (always best to be slightly conservative when trading)..
In my opinion regardless of whether we have slightly more room to the downside we are obviously near exhaustion of this down trend and I think it would be wise to begin 'placing your bets' towards a potentially big move to the upside over the coming weeks.
£6.3k given its extremely long history of support during the 2017 bear market would be a major form of support, so with us being so close to that mark I think it would be smart to go long at this point.
The purpose of my posts are not to give complex predictions based of sophisticated TA books but instead to give a basic physiological outlook on what is most likely to occur. Following such a major dip it only makes sense that it is likely to move to the upside very soon, right?
:)
In my opinion regardless of whether we have slightly more room to the downside we are obviously near exhaustion of this down trend and I think it would be wise to begin 'placing your bets' towards a potentially big move to the upside over the coming weeks.
£6.3k given its extremely long history of support during the 2017 bear market would be a major form of support, so with us being so close to that mark I think it would be smart to go long at this point.
The purpose of my posts are not to give complex predictions based of sophisticated TA books but instead to give a basic physiological outlook on what is most likely to occur. Following such a major dip it only makes sense that it is likely to move to the upside very soon, right?
:)