TLDR: After we touch T4, I believe we may be entering in a minor bear that will last up until early June. If we continue on to $548 (last top) then we will be in uncharted Bull territory with only fibs to guide the way.
YAY! So we crashed through the bear triangle... NEVER to return again. =) But, these waves give me some pause... if we go too fast then we'll end up going bear again. Three touches of our current up-trendline and then we go right through it, which way we go is dependent on the news and how everyone feels.
On this chart I call the resistance lines, Tier 1, 2, 3 & 4. Tier 1 was our strongest and held forever. Tier 2 was a top killer king and didn't let anything slide by it for long. Tier 3 is not really a resistance line because it only has a few touches, but it held up the early February stagnation. Tier 4 is pretty weak but it's our double top ~950. It's our second to last line so I'm not sure how we'll react to it. Since we have already broken the other resistance lines in such a small period, I'm guessing we can just pass right through it with no problem. Our last resistance line is our double top $1k which hasn't shown up yet.
During our ascent to the moon, there will also be other resistance lines drawn from minor tops that will hold for a while, or maybe even a quick retrace... but overall we should be clear if everyone can just remember to HODL!!
YAY! So we crashed through the bear triangle... NEVER to return again. =) But, these waves give me some pause... if we go too fast then we'll end up going bear again. Three touches of our current up-trendline and then we go right through it, which way we go is dependent on the news and how everyone feels.
On this chart I call the resistance lines, Tier 1, 2, 3 & 4. Tier 1 was our strongest and held forever. Tier 2 was a top killer king and didn't let anything slide by it for long. Tier 3 is not really a resistance line because it only has a few touches, but it held up the early February stagnation. Tier 4 is pretty weak but it's our double top ~950. It's our second to last line so I'm not sure how we'll react to it. Since we have already broken the other resistance lines in such a small period, I'm guessing we can just pass right through it with no problem. Our last resistance line is our double top $1k which hasn't shown up yet.
During our ascent to the moon, there will also be other resistance lines drawn from minor tops that will hold for a while, or maybe even a quick retrace... but overall we should be clear if everyone can just remember to HODL!!
