christophercolumbus

christophercolumbus

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christophercolumbus

For those wondering when to buy, or unsure of the future direction - that is, if they have not FOMO'd and have some dry powder - breaking above the 200 MDA could be a useful signal.

christophercolumbus

5K range target.

christophercolumbus

...though at a less volatile rate...

christophercolumbus

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christophercolumbus

... once into the 8K range, selling could escalate.

christophercolumbus Updated 

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christophercolumbus

Good chance of large wave down to 6 or even 5K . Bullish bears are in a comfortable position here as the odds are lower. Even if price reverses upward, they certainly don't need to think about buying until the 200 MDA is crossed.

christophercolumbus

With reduced volatility, it may just be a long slow bleed down for a few months.

christophercolumbus

1] The base-line: 300% appreciation per annum 2] Retracement from the peak to 0.78.. key Fib level 3] 2018 - continued correction; 2019, recovery to ATH; 2020- new all time highs 4] New spike begins with the recovery of the ATH. 5] 5K bottom

christophercolumbus

Expect to see the 200 MDA moving down in sympathy with the 100 MDA. And the price lower than both.

christophercolumbus

... the price could fall fast.

christophercolumbus Updated 

So finally more of the pundits are starting to recognize that this correction is akin to 2014. Though similar, there are some differences... 1] As the spike was less, the correction is shorter 2] Closer to the multi-year base-line 3] Much steeper correction Other significant factors: 1] Retracement form the peak is to the 0.78 Fib level, to roughly 25% of the...

christophercolumbus

Perhaps half way through this correction, the lessening volatility is of note. The question is whether the volatility will pick up again after this breather of sorts. I think yes, with a capitulation spike to 5K in a month or two.

christophercolumbus

Perhaps the last leg down of this mega-correction. MACD losing volatility and settling back to the baseline.

christophercolumbus

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christophercolumbus

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christophercolumbus

Could just be a three month grind down to bottom here....