Hello,
It’s look like we are going to close tomorrow in red week. For the 5 weeks in a row. Last time this happened was back in 2018 from 22th October to 25th November.
What this can mean?
If this is really gonna happen and tomorrow is gonna be another bloody sunday, we can look what happened in the end of 2018.
After 5 red weeks back in 2018 there was 1 green week and another 2 red weeks. The second of them found the bottom – 3156$ wich was lowest price for that cycle.
If history is going to repeat, it all can means, that bottom is really near and we will see rebound soon.
But this only one way of look.
The 2nd one is, we know shit about fuck and this thought doesn’t mean anything at all.
Pick one.
submitted by /u/gemkio
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