Long-term EMAs are now significantly decoupled after a drop form ~$5,900 supprot, leaving no doubts we are in a bear market (duh?!). Though it was a significant drop, it does not look like we are in capitulation just yet. Comparing last bear market price drop and side-way correction/accumalation, seems like we are still half-way through.
Expecting mid-term from here: completion of IHS towards ~$5,900 (now resistance), closing to 200 EMA, and then a large capitualtion bounce back. The bottom will play either as a double-bottom plus significant volume increase, or a sharp dump to ~$2,700. Place stop losses accordingly, don't get trapped in the pools.
Expecting mid-term from here: completion of IHS towards ~$5,900 (now resistance), closing to 200 EMA, and then a large capitualtion bounce back. The bottom will play either as a double-bottom plus significant volume increase, or a sharp dump to ~$2,700. Place stop losses accordingly, don't get trapped in the pools.