TIA - Bargain basement
We're either going to $2 or $20 - I wouldn't be surprised if we visit both prices.
Either way, the R/R at these levels seems brilliant.
Price is at the swing lows of every other bounce back. Is this time different and we go lower? Sure, maybe we go lower. But fair to say, the speculators leveraging have been flushed out. The expectation of the Trump Pump after he signed his executive orders has resulted in a massive sell-off, maybe we've not quite reached that final capitulation level flush, but we're either very close or due a snap-back up reversion to the mean.
Either way, the R/R at these levels seems brilliant.
Price is at the swing lows of every other bounce back. Is this time different and we go lower? Sure, maybe we go lower. But fair to say, the speculators leveraging have been flushed out. The expectation of the Trump Pump after he signed his executive orders has resulted in a massive sell-off, maybe we've not quite reached that final capitulation level flush, but we're either very close or due a snap-back up reversion to the mean.
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