At the weekly chart I see this:
Every 4 years a cycle repeats itself.. The retrace after bull market is 84-86%.
The uptrend starts 4 years after the previous one. But the uptrend becomes weaker every cycle:
480X, 112X, 21X. Next = 5X ?
RSI is not bottomed out below 30 yet.
Price can go down one more year. 85% retrace will give us 10K (Strong resistance in April 2018, October 2019, Feb and June 2020 and support September 2020).
What do you guys think?
Every 4 years a cycle repeats itself.. The retrace after bull market is 84-86%.
The uptrend starts 4 years after the previous one. But the uptrend becomes weaker every cycle:
480X, 112X, 21X. Next = 5X ?
RSI is not bottomed out below 30 yet.
Price can go down one more year. 85% retrace will give us 10K (Strong resistance in April 2018, October 2019, Feb and June 2020 and support September 2020).
What do you guys think?