Posted by simple_million on 10th of Jul 2022 at 03:29 pm
In both bear markets the 8 EMA dropped exactly 38% top to
bottom. Price itself overshot the bottom by 14% then 28%.
If the 8 EMA does the same this time, and price overshoots by
lets say 20%, you get an exact double bottom of Covid lows (and the
low $2000's that Matt has mentioned).
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In both bear markets the
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Posted by simple_million on 10th of Jul 2022 at 03:29 pm
In both bear markets the 8 EMA dropped exactly 38% top to bottom. Price itself overshot the bottom by 14% then 28%. If the 8 EMA does the same this time, and price overshoots by lets say 20%, you get an exact double bottom of Covid lows (and the low $2000's that Matt has mentioned).