This structure is looking bearish to me. The run was unhealthy in the way that it ran. From $10k onwards we went nearly straight up without testing key levels as support and barely any corrections.
Because of that, I lean towards a full retracement back to the $10k area so we can test that area as support.
If this plays out, it should be the buying opportunity of a lifetime, because after that I believe we'll be going to $100k+.
I think price gravitates towards the gray box sometime between September-November.
Because of that, I lean towards a full retracement back to the $10k area so we can test that area as support.
If this plays out, it should be the buying opportunity of a lifetime, because after that I believe we'll be going to $100k+.
I think price gravitates towards the gray box sometime between September-November.
