“History Doesn't Repeat Itself, but It Often Rhymes” – Mark Twain
I've been noticing similarities between the 2008 top and the current market. If history rhymes, the market should find some support soon (3900-4000) before further downside later this year.
This theory is further supported by:
1. sentiment,which is at an extreme low
2. the long term logarithmic trendline, acting as support on several occasions
Best of luck traders.
Tips:
ETH: 0x13cd45d7d282ee0ee4635645cce2e2a566d9bed8
I've been noticing similarities between the 2008 top and the current market. If history rhymes, the market should find some support soon (3900-4000) before further downside later this year.
This theory is further supported by:
1. sentiment,which is at an extreme low
2. the long term logarithmic trendline, acting as support on several occasions
Best of luck traders.
Tips:
ETH: 0x13cd45d7d282ee0ee4635645cce2e2a566d9bed8
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.