While I know my previous idea says we are unlikely to go below 30k, new data changes this perspective. Its looking more like a potential accumulation range, a moderately large one at that, for the big boys to accumulate while the small guys get bored and move on the other assets.
SHORT TERM = SHORT
MEDIUM TERM = SIDEWAYS
LONG TERM = LONG
If you throw enough poop,some will stick. Update to my original idea that played out pretty closely.
Its hard to predict exactly where it will stop, but fib and horizontal support around the 35-41k level. May seem like a large range, but cascading margin...
Many including myself, were expecting a = c or horizonal support, or test of previous high at the 40-42k. But even with "bad news" with Elon, we only managed to test 45k ish. I think this is close enough for it to be a bottom. I suspect the next stop is 80k.
Longing here $50,500.
Relatively. The structure looks to be different after 3 attempts at a new all time high. Good things comes and ends in 3s. If the recent low was a bottom, it doesn't really make sense. I suspect a prolonged correction.