I think we dip to approx 650-680, then retest 800-850 before heading back down to about 550-600.
Comment:
We had skipped 650-680 range (likely from China buyers on Monday morning) and went straight to test 800-850.
I think we are now looking at sideways movement until it heads down to 550-600.
The high this week looks exactly like BTC's second life of denial before things started to run out of steam quickly.. Now we have seen resistance strongly at 780 multiple times, I think the hype/excitement is about getting over (for now). As the stock settles back to it's MA's, we will see more investor interest in the later term for higher prices. Dust to settle after the parabolic run.
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I think we are now looking at sideways movement until it heads down to 550-600.
The high this week looks exactly like BTC's second life of denial before things started to run out of steam quickly.. Now we have seen resistance strongly at 780 multiple times, I think the hype/excitement is about getting over (for now). As the stock settles back to it's MA's, we will see more investor interest in the later term for higher prices. Dust to settle after the parabolic run.