End of the crash ? Bottom or not Bottom ???
hey ,it's been a long time, I'm sorry , no analysis for today, it will come later ..
So for today, little thought , did we find the bottom or not? For that I bring a small element of answer by comparing to the crash of 2015 which is very similar to the current crash ..
So as you can see we have a weekly chart o, and three moving average 25 ,50 and 200 (let this one for now)
the crossing of these two MA(25 and 50) that we can call death cross and golden cross confirms the beginning and the end of a crash ...
in 2015 it took 149 jour of death cross to the bottom (18 august >14 january)
in 2018 it took 159 days of death cross to the current bottom (July 9> December 15)
So we can see that 10 days near his agreement perfectly ... does that mean that we reached the bottom on December 15? it's possible, other signs let us think ,like the rebound on the 200 MA (in blue)
In short, if the bottom has taken place the confirmation of the end of the crash (golden cross) should take place around early October, if we follow the course of 2015 with a phase of accumulation ...
That's all for today, do not hesitate to tell me what you think in the comments ...
like if you apreciate , thanks :)
So for today, little thought , did we find the bottom or not? For that I bring a small element of answer by comparing to the crash of 2015 which is very similar to the current crash ..
So as you can see we have a weekly chart o, and three moving average 25 ,50 and 200 (let this one for now)
the crossing of these two MA(25 and 50) that we can call death cross and golden cross confirms the beginning and the end of a crash ...
in 2015 it took 149 jour of death cross to the bottom (18 august >14 january)
in 2018 it took 159 days of death cross to the current bottom (July 9> December 15)
So we can see that 10 days near his agreement perfectly ... does that mean that we reached the bottom on December 15? it's possible, other signs let us think ,like the rebound on the 200 MA (in blue)
In short, if the bottom has taken place the confirmation of the end of the crash (golden cross) should take place around early October, if we follow the course of 2015 with a phase of accumulation ...
That's all for today, do not hesitate to tell me what you think in the comments ...
like if you apreciate , thanks :)
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