For me personally; it's about 70% back to my original plan of capitulation to $5100 with a big volume candle followed by a ranging trend. And then 30% that we are already inside the ranging U bottom (in my most recent post).
The move went higher than expected to $7350 where I expected it to stop around $7200 which made my original plan a failed prediction. However; this latest price action has a lot of strength.. in which I feel there are a few more legs downward.
Another recent change was the weekly MACD is trying to cross back over to the downside whereas inside that last pump when the week candle closed; it was actually crossed to trend upwards.
How to trade in here? Unless you're really good; don't.
The only way to trade is to accumulate & hold for 6+ months.
The move went higher than expected to $7350 where I expected it to stop around $7200 which made my original plan a failed prediction. However; this latest price action has a lot of strength.. in which I feel there are a few more legs downward.
Another recent change was the weekly MACD is trying to cross back over to the downside whereas inside that last pump when the week candle closed; it was actually crossed to trend upwards.
How to trade in here? Unless you're really good; don't.
The only way to trade is to accumulate & hold for 6+ months.