Aug 5 in General Discussion
Market Taking A Beating EARLY!
Could be a super red day judging by price action so far, if we don’t see a bounce around this level, the next stop is $500 in the short term.
Japans Nikkei 225 closed earlier this morning down 12.4% which is the worst since 1987 due to worries of the US possibly entering a recession.
This is big stuff here guys, the market could be in a downtrend for a significant amount of time if something doesn’t change.
I don’t see it holding any significant bounce in the zone we’re in now, so I am assuming we make our way down to $500 and below soon, we shall see.
Premiums are probably going to be high, and there may be a lot of panic selling at open, remains to be seen. Good luck today my friends.
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Market Taking A Beating EARLY!
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