Capitalizations Index – B ∞/21M
So in my last analysis I was saying that should go up to around 5k because of the big triangle we were seeing on the chart. However now face massive resistance and the 21 (yellow line) will probably cause a pull back on price… The price could drop as low as the 50 monthly (red line) as you can see on the chart. That’s actually what happened in the last bear market in 2015… The pattern could repeat.
Published at Wed, 03 Apr 2019 04:19:01 +0000
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