A real test of the Nov 2020 trend line
So, since Nov 2020 we've been on this trend line for the bottom, you can clearly see multiple touch points with the recent drops bouncing off it and us retesting again.
I feel a lot of people are going to be watching this who are stock-to-flow fans, because if we drop below this it's going to signal a massive loss of confidence and potentially take us properly into a bear market.
What do you guys think? Do we bounce and it holds, or is it just a matter of time for this strong trend line to break?
I feel a lot of people are going to be watching this who are stock-to-flow fans, because if we drop below this it's going to signal a massive loss of confidence and potentially take us properly into a bear market.
What do you guys think? Do we bounce and it holds, or is it just a matter of time for this strong trend line to break?
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