Been holding off this chart for a month not to hurt perma bulls.
Perma bulls say it is impossible to drop that low. Nothing impossible, price remains within the rising channel and painting a repeating harmonic. There is also a CME gap at 11k which happens to be the 0.382 .
Can price bounce of the channel midline and year open, yes possible. All depends on demand and demand cannot be predicted until price is close to the target.
Perma bulls say it is impossible to drop that low. Nothing impossible, price remains within the rising channel and painting a repeating harmonic. There is also a CME gap at 11k which happens to be the 0.382 .
Can price bounce of the channel midline and year open, yes possible. All depends on demand and demand cannot be predicted until price is close to the target.
Comment:
At year's open.
