/biz/ - Business & Finance

>>9629778
The way I see it, things are running similar to 2013 in the sense that both times, we tested the 50 week moving average, grinded along, and broke out in what turned out to be a bull trap. Then, once the weekly 50 was finally breached, it was pretty much the beginning of the slide all the way down to the 200 week MA where we languished for another full year. If the analog holds true then this weekly close below the 50 will signal the beginning of the end, and you might want to start thinking about setting bids at the 200 week MA range which would be roughly 4500 or so by the time the price gets there. Likely final bottom will be lower on a panic spike to like sub 4k or something along those lines. No point trying to catch the absolute bottom though, im personally going to start accumulating for the long term again at anything sub 5k.