Short term bearish. Long term Bullish.
I have been experimenting with some analysis and have plotted out some of the points. The green moves represents little bounces between the main legs down.
The run from 65-103/4 started on the New Moon of July 8th. I believe this leg down will counter balance this run up and will end on the Full Moon (Super moon I think).
I think that between these 2 moons its a changing of the guard, a kind of last battle between Bears and Bulls. The Bulls will hopefully come out victorious and we bounce out of this 5 waves down and enter the next Bullmarket. I think we are all growing tired ;)
I have been experimenting with some analysis and have plotted out some of the points. The green moves represents little bounces between the main legs down.
The run from 65-103/4 started on the New Moon of July 8th. I believe this leg down will counter balance this run up and will end on the Full Moon (Super moon I think).
I think that between these 2 moons its a changing of the guard, a kind of last battle between Bears and Bulls. The Bulls will hopefully come out victorious and we bounce out of this 5 waves down and enter the next Bullmarket. I think we are all growing tired ;)