i got to thinking this evening,
a lot of people are really bearish, myself included.
so why would the market randomly go down to feed all of these bears?
much more probable for it to go higher, to give people the idea that we have found a bottom,
then crash down to crush everyone's dreams lol.
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this is not my primary projection, but this is gaining a lot of probability as the days go by.
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if this does play out, i'll be looking for a back-test of 20k into august 12th,
followed by a rally into September to roughly 30k.
i do believe we'll make a new low afterwards, but it can take a few months before we see it happen.
a lot of people are really bearish, myself included.
so why would the market randomly go down to feed all of these bears?
much more probable for it to go higher, to give people the idea that we have found a bottom,
then crash down to crush everyone's dreams lol.
---
this is not my primary projection, but this is gaining a lot of probability as the days go by.
---
if this does play out, i'll be looking for a back-test of 20k into august 12th,
followed by a rally into September to roughly 30k.
i do believe we'll make a new low afterwards, but it can take a few months before we see it happen.