Long term trend is still very bullish. However on a shorter timeframe that can evolve over a few weeks, I'm expecting a move up perhaps to ~12.4k and then slow grind down to test 10k and possibly as low as $8500, but I don't see yet why we would wick anywhere below 7k best case as the purple value line sits below around 8k.
Nice. How do you calculate price in the parabola? or are u just using it as a drawing tool? check out my chart. Looks like potentially a long way down, Price seems to match mine
Johnthebull
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Thank you for posting. If you don't mind, I was curious how you selected the exact location of your parabola line?