Hi,
This is an idea that I've had since the last bear market ended. What about if each cycle we're having it tests a new MA...The first bear market we experienced tested the 100MA, 2nd being 200MA, 3rd being 300MA...
Do we now need to set new lows on the 400MA before we can call it the bottom?
If this fails, we have $11,900 to potentially hold us from heading any lower. Watch out for psychological supports at $15,000, $12,500.
Cash has been king all year and it doesn't look like it will be losing his thrown anytime soon.
Just accumulate as much as you can from now until 2024 and be ready for the next bull cycle. We will all look back at these prices and wish we had bought more.
This is an idea that I've had since the last bear market ended. What about if each cycle we're having it tests a new MA...The first bear market we experienced tested the 100MA, 2nd being 200MA, 3rd being 300MA...
Do we now need to set new lows on the 400MA before we can call it the bottom?
If this fails, we have $11,900 to potentially hold us from heading any lower. Watch out for psychological supports at $15,000, $12,500.
Cash has been king all year and it doesn't look like it will be losing his thrown anytime soon.
Just accumulate as much as you can from now until 2024 and be ready for the next bull cycle. We will all look back at these prices and wish we had bought more.
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