Now that the cup and handle formation has been reached and the correction finished, I think we have 1 more leg up.
It's also possible that we fall from here, but I think another fakeout upwards is likely as bearish divergence forms on the month, but isn't quite there yet (RSI needs 1 more higher high to confirm bearish divergence)
Either way, my short targets are the 0.618 fibs. I am expecting the typical -70-75% crash by 2027 before the next cycle begins
It's also possible that we fall from here, but I think another fakeout upwards is likely as bearish divergence forms on the month, but isn't quite there yet (RSI needs 1 more higher high to confirm bearish divergence)
Either way, my short targets are the 0.618 fibs. I am expecting the typical -70-75% crash by 2027 before the next cycle begins
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Disclaimer
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.