The charts below show the previous consolidation 2014 / 2015 and the present. I say it's a consolidation rather than a bear market only because it is. If you bought at $20000 it's a devastating crash, but looking at the big picture is simply a consolidation.
- The only question at this point is where is the price going to go within the present channel. Is the price going to break out of the channel to the upside (bull flag in the making)?
Or
- Is this an F - flag in the making. If the price breaks below the declining blue dashed line.......... the 233 day moving avg?
What's an F - flag? an Oscarism
The price breaks below....... your FupCkEpD
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So in ending........ Use critical thinking and think for yourself.