Many people (and me either) are thinking we‘ll have a retracement to 6-8k.
But on the other side: if we really want to achieve a new ATH by end of this year and much more in 2020 we have to hurry and have no time for such a retracement.
Maybe we have to think completely different - more in a big picture.
Perhaps currently we are working on a retest of ATH. Then we build a double top, fall back to Fib 0.382 from ATH and start the „real“ bull market up to 100k in the next 2 years.
When I watch at the 2 fractals (marked in the chart) it could be a possibility.
At least dreaming must be allowed... ;-)
But on the other side: if we really want to achieve a new ATH by end of this year and much more in 2020 we have to hurry and have no time for such a retracement.
Maybe we have to think completely different - more in a big picture.
Perhaps currently we are working on a retest of ATH. Then we build a double top, fall back to Fib 0.382 from ATH and start the „real“ bull market up to 100k in the next 2 years.
When I watch at the 2 fractals (marked in the chart) it could be a possibility.
At least dreaming must be allowed... ;-)