Taking a look at the fractal from the May dump compared to the current one that look remarkably similar, there is key support at the yellow trend line.
I think it would be pretty reasonable to see a short term dump to the 36k range and then a bounce to the upside. We may not complete the 5 way pattern, but testing 50k on or before Feb 5th is highly probable
I think it would be pretty reasonable to see a short term dump to the 36k range and then a bounce to the upside. We may not complete the 5 way pattern, but testing 50k on or before Feb 5th is highly probable
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.