I'm no expert on Elliot Wave Theory, but if you look at my (touchpad-drawn) lines it looks like we are on the C wave and preparing for wave 1. Even if this isn't a proper Elliot Wave count, I still see this as a great long position opportunity. Thanks for the hack!
So we went through the bottom of my previous triangle from the "Possibilities" idea linked below. Not what I expected, but movement nonetheless. Currently, it looks like we are settling into some new support around $8,750-9,000. I have drawn some new lines and maybe even came across a pattern, which I have shown with the pink lines and wave numbers. If this...
Looks like we could go through the top of the closest triangle, which makes me think there's a better chance we also go through the top of the larger triangle. Will we test 11k?