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727 Posts.
407
17/08/19
00:59
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There is something the market knows and you don't. The graph looks awful.
You don't break such an important trend line, after many others crashes without some serious concerns.
For anybody looking to enter a position, wait until $50.
If it breaks under 1B Mcap, then $50 is a given, and $34 quite likely.
It's not about down-ramping, it's about paying the right price.
Graphically, this is a lot more to go down, and it won't be a few weeks long. Let's talk about BKL in 3 to 6 months.
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