Quote from: Crashing on May 27, 2019, 02:52:47 AM

The resistance at 8500 was breached after some trouble, as expected.
I think it will go now to about 10,000 usd and then crash for at least 7 days in order to make at a minimum a weekly negative candle.

I've been thinking along similar lines. It's too bad so many people are eyeing $10K as the target area. Not just you and me, but Masterluc, Peter Brandt, and other analysts I've seen as well. When the target is so obvious to the market, it makes me worry something else is going to happen. Like how everyone (including me) thought there would be stiff resistance around $6K, but it fell almost instantly.

Quote from: Crashing on May 27, 2019, 02:52:47 AM

We could repeat the crash we had on the week of 26/10/2015-2/11/2015, that went from 500 to 300 usd, on the beginning of the recovery and start of the move to 20,000.

Based on the momentum of this rally, that's the best historical parallel I can find.

The faster we rise, the harder we fall.