Just an old chart that keeps playing out pretty well. It is by no means financial advice.
The run up a few days back was a nice fakeout in my opinion. Now we just resume the downtrend. Next stop on the way down is 6.3k, i am not buying there as i expect it to go down at least one more step. That will take us to 4.7k, buying a small stack there as it might flash crash from there.......
It is not about predicting the future, it is about being prepared for multiple scenario's.
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