Expecting period of consolidation around 7.5k before proceeding to retest 8k.
Expecting to retest 8k before possibly making any new lows.
Possible bottoms at ~6.4k region and ~5.2k region.
Very nice .786 retracement so far. Combine with recent higher high, corroborates hypothesis of macro reversal to bullish regime. Invalidated if break of ~7.8k.
Expect bullish continuation after retracement complete.
Expecting 8-8.4 support to hold, followed by ranging 8.5-9.5k
Expect ranging between 8.7-9k. Possibly a bit lower at 8.4k.
Symmetric wedge looking to break down.
Expecting retest of support starting at 8.8k
Expecting consolidation/retracement after enourmous pump, possibly back down under 9k, but likely not below 8.5k.
Trade in range for week(s) before going parabolic.
Retracement to 8.4k possible (50%), test of at least 9k likely (65%) withing week.
Expecting a retracement back up to ~$7.8k
Local bull trend intact, looking to test top of wedge.
Confirmed wedge formation, expecting test of top of wedge in the next week.
Technically local uptrend still intact with higher highs and higher lows. Still, support at 8k is weakening, if it doesnt break down to 7.5k now it likely will next time.
Supported by the .618 fib, suggests that local bull trend still intact. May get some bearish fakeouts in the 8.2k region before continuing up to 9k.