Bounce before longterm correction?
I have some good news, and I got some bad news...
Good news first:
We have seen quite some strong bullish signals in the last 10 days, which indicate a bounce.
Bad news:
It made me reconsider my longterm view to an even longer bear market.
As we see, I compare it to 2014 again. We have just completet the first 70% decline and might bounce. Maybe we even challenge high Nr 3 at around 9500$.
But after that we are likely gonna bleed another 70%, down to around the famous 3000$
Good luck people!
Good news first:
We have seen quite some strong bullish signals in the last 10 days, which indicate a bounce.
Bad news:
It made me reconsider my longterm view to an even longer bear market.
As we see, I compare it to 2014 again. We have just completet the first 70% decline and might bounce. Maybe we even challenge high Nr 3 at around 9500$.
But after that we are likely gonna bleed another 70%, down to around the famous 3000$
Good luck people!
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