Paul_Wankmueller

Paul_Wankmueller

We are still in that consolidation range between $38000 and $40,000. A pennant has formed, and there is not much to do here. Be patient. Wait for the breakout on either side of the pennant ($38,500-$41,500 as of writing) If we break out to the upside, $42,715 is the near term target (Mar 9 high), with $45,000 being the final hurdle. If we break to the downside,...

Paul_Wankmueller

We are still in that consolidation range between $37,200 and $39,500. A pennant has formed, and there is not much to do here. Be patient. Wait for the breakout on either side of the pennant ($38,500-$41,500 as of writing) If we break out to the upside, $42,715 is the near term target (Mar 9 high), with $45,000 being the final hurdle. If we break to the downside,...