This is based purely on the fact that the SuperTrend has flipped just like it did in 2014. Be wary today and tomorrow for a major reversal...
Kommentar:
Whenever breaking through a triangle or trend line the price will typically pull back to retest the other side of the line. When we flipped the SuperTrend we all so broke through the ATH Trend Line from $20k.
Any pull backs at this point could mean one of two things:
1. We are headed to DOOM and do what has been done before on the 2014 ATH fractal.
2. We are headed for MOON and bounce from the retest of the ATH trend line which in the past has resulted in a 4-6% pull back from the price of the SuperTrend flip.
I think a few days (4-6) are going to be needed to see which way we go.
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Any pull backs at this point could mean one of two things:
1. We are headed to DOOM and do what has been done before on the 2014 ATH fractal.
2. We are headed for MOON and bounce from the retest of the ATH trend line which in the past has resulted in a 4-6% pull back from the price of the SuperTrend flip.
I think a few days (4-6) are going to be needed to see which way we go.