Definitely seeming aligned with the trend but what do you think will be needed in order for this downtrend to be reversed?
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Definitely seeming aligned with the trend but what do you think will be needed in order for this downtrend to be reversed?
Some good old fashioned capitulation. If we break $5,750 support then the fear will set in and people will start panic selling into strong support. Then we will get a volume spike which will mark the bottom. The other option would be to continue to range between $5,750 . - $7,000 for another 6+ months.