I am new here and this is my first post on trading view so please don't be too rough on me! Ok, so I think we are double bottoming on the .786 fib and we are about to bounce and start a new 5 wave impulse back to 20k! When this impulse compeltes I think we will see (maybe just a guess) a massive bear trap ABC correction to give us a perfect Cup and Handle, I think we will squeeze the bears and they will propel up past 20k and into a massive breakout!
My first target is 35k...after that I don't know but i think it should be fun!
Please, if you like the analysis give me a like or leave a comment below! Thanks guys :)
I can concur! Good thoughts and well wishes for your strategy, mine isnt far off
Louis202
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Very Close to my Idea although target is a bit lower on mine, We reached double bottom on RSI 1 day
RobertBizzarro
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When the herd moves in one direction, go the other.......... With the amount of mind bending shorts that have been placed, I think you may have a case. I'd wait for a break out above a crucial resistance line, then buy with a close stop. Right now the Bears have control, there is arguing that fact. The question is how much longer?
Trying to time a reversal leads to the poor house. Don't stick your hand under a falling knife.
Wait for the whales to pick off the greedy, feeding Bears.
Then we go for a rocket ride while the Bears hold their nuts that just kicked.
Very nice analysis, If I was not a perma bear I would give it a like! I think that you are wrong of course and maybe even a tad delusional BUT I think that this is maybe the only bull scenario that makes sense. But we are going down, make no mistake, :)
LadyAgg
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@TEXAGG22, FYI I am not a bull, I am more like a golden rainbow to the MOOOON :)
LadyAgg
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@TEXAGG22, but thank you for your reply I appreciate it!
urbanjunglebaby
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I have a a feeling it will do this as well. Your years are all off on the first pic..