New comments from MasterLuc:
Mar 20: This should bounce up now from weekly sma 200 (~5200) up to daily sma 200 (~8500). This is normal in both bearish and bullish counts.
I personally do not like tails left below triangle by panic sell. This could be either real bear trap before my green counts or bear hints before red counts.
Red and green counts now have equal probability for me.
I remind, red will just delay big bull run by one-two years in my vision. While green one may start bull run in few months.
Apt 3: Bounce up is on track. However daily ma200 is on 8000 now.
Giant triangle approaches resolution soon. Price will either break up ma200 and upper triangle line or bounce down from ma200 and go to hell
Mar 20: This should bounce up now from weekly sma 200 (~5200) up to daily sma 200 (~8500). This is normal in both bearish and bullish counts.
I personally do not like tails left below triangle by panic sell. This could be either real bear trap before my green counts or bear hints before red counts.
Red and green counts now have equal probability for me.
I remind, red will just delay big bull run by one-two years in my vision. While green one may start bull run in few months.
Apt 3: Bounce up is on track. However daily ma200 is on 8000 now.
Giant triangle approaches resolution soon. Price will either break up ma200 and upper triangle line or bounce down from ma200 and go to hell
Masterluc sure loves his 200 MA.
The 200-day MA only provided temporary resistance in October 2019 and this past January before significant moves above it. I'm not sure if bouncing off it automatically means we are hell bound. I guess that would mean $1,800?
I have been speculating for a while about a failure off the 0.618 and 200-day MA ~$8K. Honestly though, the price action has been very choppy and unpredictable for the entire month of April. A lot is probably riding on what the stock market does given the recent correlation.