/biz/ - Business & Finance

All that matters are the 20 and 200 week simple moving averages, and RSI

Oversold on weekly RSI + testing the 200-week moving average = confirmed bottom, both in 2015 and now in 2018/19 as well. If you didn't at least start to scale in there you're fucking retarded and deserve to miss the bottom.

Last cycle, the 20 week SMA was solid support the entire way up, from late 2015 to late 2017. Once finally breached in early 2018, it became resistance for pretty much the entire 2018 bear market until finally broken to the upside again. If you're not already in, your best chance is to pray we get a re-test of the 20 week.