The technicals look more similar to 2022 than 2023 to me. Especially the MACD crossover and deterioration on the weekly chart. The Put-Call ratio just spiked to over 1, so that may indicate positive price action in the short term. But medium to long term I’m expecting a 20% drawdown. JMO and anything could happen.
The technicals look more similar to 2022 than 2023 to me. Especially the MACD crossover and deterioration on the weekly chart. The Put-Call ratio just spiked to over 1, so that may indicate positive price action in the short term. But medium to long term I’m expecting a 20% drawdown. JMO and anything could happen.