Followed the path so far pretty accurately, dropping to previous ATH at 20k dipping slightly below briefly.
We've found a macro bottom for now, could see us push to some key levels above in red, but would expect it to be a bear market rally before retracing again back to the lows.
Whatever your confirmation level is, it will take time to play out. Just because we reach above X amount again for a few days does not confirm end of the bear run.
The longer it plays out with more accumulation, the stronger the base will be for the next run up. Painful yes, but healthy for the market.
We've seen a massive deleveraging in the market and I will be using this as an opportunity for investing/growth into 2023/24 and longer.
V
We've found a macro bottom for now, could see us push to some key levels above in red, but would expect it to be a bear market rally before retracing again back to the lows.
Whatever your confirmation level is, it will take time to play out. Just because we reach above X amount again for a few days does not confirm end of the bear run.
The longer it plays out with more accumulation, the stronger the base will be for the next run up. Painful yes, but healthy for the market.
We've seen a massive deleveraging in the market and I will be using this as an opportunity for investing/growth into 2023/24 and longer.
V
Vatsik