Now, as I mentioned, this by no means signals that the moon is coming any time soon. Price has to retrace through many levels of resistance before that first. No, as it stands, price can come crashing down at any moment, so we must remain vigilant to this possibility (or even probability, for that matter). But the important thing to remember is, whatever predictions analysts make, the market will move and do whatever it wants. I expect price to have a period of a “bull run” before pulling back down once more. I’d look at this as a good level of entry. Maybe close to the area where it bounced upward from. Am I certain of this? Hell no, but this looks likely given the data I have to work with. Because of the overall bearish sentiment, it is still possible for the market is further decline from the lows of yesterday, but averaging is your friend, given we don't know how far price can recede to. Please trust me on that. When this market turns tail, the volatility will exceed even that of this bear run. I feel it’s better to be prepared for it now than to miss out completely when it eventually does happen.