bottom at 13.2-14k with a move back to 24k range next year
Hi guys,
Here are my thoughts for the next few months, think we still got another leg down first, but I think we are nearer to the bottom than most people expect.
I know a lot of doom thinkers at this point, but I still don't think we will see those 10k numbers (yet) and we get a nice bounce over the next couple of months.
- currently expecting in the very short term to make a nice inverse head and shoulders to reverse, so back to 15.8k retest, then pump up and get a Christmas run towards 18k range, somewhere between 17.7k-18.5k looking at the fibs
- then we get real capitulation of everything, with most likely some big miners having to sell everything, causing a big crash once again down to like 13.2k-14k local bottom
- then we can finally bounce and we get a nice relief run back to 24-25k by next year
those are my personal thoughts and expectations
Trade Safely!
-The Dang Oracle
Here are my thoughts for the next few months, think we still got another leg down first, but I think we are nearer to the bottom than most people expect.
I know a lot of doom thinkers at this point, but I still don't think we will see those 10k numbers (yet) and we get a nice bounce over the next couple of months.
- currently expecting in the very short term to make a nice inverse head and shoulders to reverse, so back to 15.8k retest, then pump up and get a Christmas run towards 18k range, somewhere between 17.7k-18.5k looking at the fibs
- then we get real capitulation of everything, with most likely some big miners having to sell everything, causing a big crash once again down to like 13.2k-14k local bottom
- then we can finally bounce and we get a nice relief run back to 24-25k by next year
those are my personal thoughts and expectations
Trade Safely!
-The Dang Oracle