Compare & contrast 2017's final capitulation to our current capitulation.
1: One last attempt for 33.5k
2: Once it drops from the failed push & the RSI's bottom trendline I've marked is hit, capitulation begins
3: A rounded-recovery instead of a V-recovery would help validate this scenario -- if it makes it that far
4: This may or may not reset the accumulation phase again until we have a supply shock (i.e. big V-bottom crash or far prolonged accumulation phase trigger)
Unlikely that we follow it verbatim, but it gives us some targets.
Still longing as I think we're near a bottom - obviously not suggested if you're leveraging...
See scenario #1 in related ideas.
1: One last attempt for 33.5k
2: Once it drops from the failed push & the RSI's bottom trendline I've marked is hit, capitulation begins
3: A rounded-recovery instead of a V-recovery would help validate this scenario -- if it makes it that far
4: This may or may not reset the accumulation phase again until we have a supply shock (i.e. big V-bottom crash or far prolonged accumulation phase trigger)
Unlikely that we follow it verbatim, but it gives us some targets.
Still longing as I think we're near a bottom - obviously not suggested if you're leveraging...
See scenario #1 in related ideas.
Trade closed: target reached:
50k reached - no clear trajectory at the moment
