Giddy bulls found out: we haven't found the bottom yet.
Updated
I've extended the same lines and no, it's not an exotic EW, Fib, BB analysis. At the 2hr view, we're on track to the bottom and now the question becomes: when will the 30-50% capitulation happen?
Comment
It keeps getting weighted down and 7400 seems like the upper limit by the weekend. The bears just took care the pop to 7500, Gox selloff or not, it was just a loan.Comment
Lots of square waves these days and overall, it's still tracking down. Hearing the bulls breaking out the pom-poms is great entertainment. I hope they don't get rekt.Related publications
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