Discussion about this post

User's avatar
WOC's avatar

Yesterday's QB offered a great perspective. I found it very calming to realize that the worst is probably behind us. AND, that we are still alive after all of the bear mauling. I'm looking forward to the Forum on TA next week. I hope that you include trend lines in your presentation. I have found them to be a kind of base layer of TA. I mention this now because you have not mentioned the BTC big bear trend line recently and I think it is coming to an inflection point. I'm referring to the down trend line from the 10/6/25 ATH through the Jan 26 rally top. This was much discussed in April when we limped over it with low volume and, sure enough, we crossed back below it in June. Now this down trend line has come all the way down to the mid-low 60k level. We are now approaching it again from below and getting rejected but it's an interesting juncture with three options:

A) We are at a reversal low which will break the trend line and send us higher with high volume and energy to take us to a higher than expected BMR.

B) We limp across on low volume again and nothing changes. We get a weak rally and drop again.

C) We can't cross the trend line. We are trapped and left to search for price discovery below.

I know that this mirrors your recent projections. My point is that the trend line is important for the structure of the bear market. I think it has influence on traders. On the other hand, if I'm all wet with this post, please just toss me a towel. Everything is a learning opportunity.

2 more comments...

No posts

Ready for more?