downtrend since December, just now breaking trend line
. After it slides down in a retrace like a sultry stripper it will make the first leg up. Eventually it will reach 16k to form a double top
. After that it will retrace back, either forming an ascending triangle
upward (extremely bullish
), or break the trend completely and fall back towards the bottom of the long term bull-channel, hovering along the bottom for awhile like a sea sponge. It's all up to you.
The movement upward could happen sooner if people get overly excited.