Taking the wicks out of the equation you can see we punched through the 1.618 fib extension. Unless regulatory noise/FUD are used to liquidate longs (possibility very real) I dont see a reasonable pull back until 30k. A 30-40% drop would be healthy after this is hit as MAs are so far below on a weekly timeframe.
Keep your eye on a pull back to the MA20 on the weekly as huge level of support historically.
Reaccumulation zone around 17-22k. Then the trip to 70k begins.
Happy trading yall.
Keep your eye on a pull back to the MA20 on the weekly as huge level of support historically.
Reaccumulation zone around 17-22k. Then the trip to 70k begins.
Happy trading yall.