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Tesla looks to be continuing correction. Expecting down channel until end of Feb or (more likely) end of March.
Possible price might fall out of the channel to the lower support (capitulation) around 500. Anything lower, we don't want to go.
// Not trading advice
Bitcoin looks like it is still on support for now. If it can hold this level it will test descending resistance soon. A breakout may lead to a parabolic rise with the bottom of the previous channel as the logical target, possibly above 12k.
Failure to hold this level will see Bitcoin test lower support levels. Critically, a fall below 6k confirms the failure of...
Possible supply zone scenario developing. Have to keep an eye on this. A breach of 1700 does seem more than possible at this stage, however consolidation at this level with dips below 1650 is expected to be followed by a final sell-off above 1700.
A break above the upper blue diagonal indicates an irrational mania phase.