In the last week we almost went to the ATH. It was to expect that the mental resistance at this lvl would reject the price. Now we just saw a minor pullback of ~16% still giving a higher low. In case the pullback is done here, this would implies we're still bullish. We might even be able to get a green candle for the week. Nevertheless, I'm expecting to break the ATH in the next two weeks. We would be in new territories, so there will be probably a pullback (or a few) to the 20k lvl, to test now the support before we continue our way up to the 1.6 fib retracement around 30k. I think the pullback will be around christmas, since most not professional traders will be occupied with the festivities, this is where the big players will try to punish them. In this case we would reach the 30k lvl in January, but it could also be that we'll move sideways for a few weeks before reaching this lvl.
We could also be once again rejected from the ATH resistance, which could lead to a bigger pullback. But I see this scenario as extremely unprobeable.
I'm not an expert! This is just my personal opinion, nobody needs to approve or like this idea and most importantly, believing this blindly as financial advise.
Suggestions, tips and helpful comments are welcome!
We could also be once again rejected from the ATH resistance, which could lead to a bigger pullback. But I see this scenario as extremely unprobeable.
I'm not an expert! This is just my personal opinion, nobody needs to approve or like this idea and most importantly, believing this blindly as financial advise.
Suggestions, tips and helpful comments are welcome!
