Re: Do you think their will be another Bull Run this year? I D0 NOT THINK SO!
I can't agree with you here. If we go below our current bottom at 5800 the next support is right below 5000 and this is the area where most people will place their orders. The most bearish traders like Tone Vays were eying 4800 since we broke 10000 or even earlier than that.
what's the significance of the $5000 area? there's no established support/resistance there. there is literally only one daily pivot there from 2017 and it's never been tested!
nobody should be surprised if that level gets cut through like warm butter.
Nobody is looking at 2000 because it's below the long term trendline that we were following since 2015 and this trendline is at 4000 and will get close to 4800 in December.
the trend from 2015?! that bull market is long over, dude. trend lines were meant to be broken.
