This popped out to me last night as I was looking at the large timeframes looking for any new development in RSI bullish divergence from the last drop, in comparison to prior lows at the end of 2019.
We are simply bouncing off a long support line since last year. Making larger swings to the upper resistance which runs back as the past support from last years high...
So this could mean;
1. We are in some type of descending broadening wedge and are hopefully going to pull some bullish divergence and head up due to this financial crash, the halvening taking effect, and ppl needing a safe haven for the currencies turning to mans worst invention. (I am gambling on this, all inn)
OR
2. We are simply fooked and going to break this support and thats this idea over with, switch to gold safe haven.
What option are you backing?
We are simply bouncing off a long support line since last year. Making larger swings to the upper resistance which runs back as the past support from last years high...
So this could mean;
1. We are in some type of descending broadening wedge and are hopefully going to pull some bullish divergence and head up due to this financial crash, the halvening taking effect, and ppl needing a safe haven for the currencies turning to mans worst invention. (I am gambling on this, all inn)
OR
2. We are simply fooked and going to break this support and thats this idea over with, switch to gold safe haven.
What option are you backing?