2025 Gameplan B (RangeBound Doji Year)
I think my last post is incorrect now that I have taken a wider step back. I still believe it is in a wide range but I was able to expand the range down into 40,000 as a more likely bottom of the range. The range I was expecting was too small. The much larger range lines up with yearly ATR.
The weekly and daily charts are showing more downside potential and 2025 is expected to open right in the middle of the range, right where 2024 closed.
I don't expect the high to break in the entirety of the next year but in 2026. Price needs to consolidate before it starts on the next leg to 69,000.
In the immediate, I see price popping above the declining daily 20sma before the next leg down. Down to take out lows of September and down to 40,000.
The weekly and daily charts are showing more downside potential and 2025 is expected to open right in the middle of the range, right where 2024 closed.
I don't expect the high to break in the entirety of the next year but in 2026. Price needs to consolidate before it starts on the next leg to 69,000.
In the immediate, I see price popping above the declining daily 20sma before the next leg down. Down to take out lows of September and down to 40,000.
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