China and their love of 8's
The number 8 has always been of great significance for China, and for that reason, I believe we may see values as large as 88888CNY, in the not so distant future.
The manipulation that continuously occurs. has allowed consecutive 8's, to become either a final flash of support or resistance. A milestone, followed by a swift return to the median. Thus far, both local lows and highs respectively.
Now, once we factor in halving, a parabolic move of this nature does not seem so far-fetched.
The manipulation that continuously occurs. has allowed consecutive 8's, to become either a final flash of support or resistance. A milestone, followed by a swift return to the median. Thus far, both local lows and highs respectively.
Now, once we factor in halving, a parabolic move of this nature does not seem so far-fetched.
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