I think the blue trendline is being consistently followed.
Its coming from the last run to 9.9k. I didnt draw it purposely. I just connected lower highs and the price is showing some connection to it.
If this trendline is followed then 5.3k on the cards. which will mark 76% retracement from 900 - 20000 run. it might bottom there and then bounce or just fall like a pack of cards/?
I would want to be proved wrong here and would want 5.7 as the new bottom, with a small relief of 10-12k rally again. This game should not end. its fun.
Its coming from the last run to 9.9k. I didnt draw it purposely. I just connected lower highs and the price is showing some connection to it.
If this trendline is followed then 5.3k on the cards. which will mark 76% retracement from 900 - 20000 run. it might bottom there and then bounce or just fall like a pack of cards/?
I would want to be proved wrong here and would want 5.7 as the new bottom, with a small relief of 10-12k rally again. This game should not end. its fun.