Quote from: teramit on August 10, 2018, 10:44:29 PM

That trend up and down creating loop was just similar to last one , idont say it is finished but obvious it was too similar. This loop is smaller then previous one, i was expecting it to long more but thats ok. because it didint end it can go below previous year record. Tops are below previous and bottoms are below previous and main trend is down so i expect 4-5k as a new bottom record.it will turn from that bottom and rise a little but dont think so to pass above 8k, it may reach 7k and come back.Also expecting less volatilty for the rest of this year.

I think we've found the bottom, for now at least. It shouldn't be going much lower than 6000 by the way it's behaving around those levels now. It will need a better reason to drop down further because it's not moving very fast anymore.

The support around the 6000 level could help it to find a direction for upwards movement. There's no more reason for ETF news to smash it around at this time, and hopefully we can get some positive momentum upwards. I think that the pattern from last rise might be similar but it can't follow it exactly