So I checked the chart, and it doesn't look good for the next year if you are long APPL .
Here's the chart I quickly drew up last week:
Once we break the daily 200MA, I believe it will drop very quickly to around $150USD.
The larger short target is the weekly 200MA, at around $138USD, which has proved to be strong support for the past several corrections.
I expect momentum to build once we close below the weekly 50MA, which should happen by the end of this week:
With that said, it seems to have stalled today, and there is a potential for a double top now:
I wouldn't consider this idea invalidated until we have cleared the $180 resistance and retested it for support. But I will be keeping a close eye on it now.
It has the potential for a scalp since the RSI is oversold and it should bounce from the daily 200MA, as I've indicated. But I don't believe it will be sustained; you only have to look at APPL historically to see what happens once it dips below the 20EMA on the weekly.
TA applies equally to crypto, stocks and commodities; the timeframes are shorter in crypto and there's more volatility due to the size of the market. Other than that....it's still supply and demand based on sentiment.
I bought in at $173 and $168...still holding strong with Apple so my view could be bias.