Quote from: NeuroticFish on November 29, 2019, 01:21:20 PM

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2. As it dropped fast - as it should bounce fast to retest lost $6000 level and log trend at around 10000-20000. 2019-2020 AD.

The price doesn't seem to be eager to get back into the 10k-20k range. Especially the 20k looks now kinda untouchable, for 2019 at least.
Let's stay optimistic for 2020, with the halving. But then the less-than-a-year time span may not be enough for a drop back to 6k levels. Maybe 10k?

The progression went like this:

1. Bottom at $3,000- in December 2018.
2. Test of log trend at $10K-$20K. This already happened with the December-June run to $13,800s.
3. Fall back to $6,000 area by 2020. The tag of $6,500s the other day may have been close enough, but we may still go lower.

In any case, we're already looking forward to point #4 now:

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4. Go to new highs. Beyond 2020 year.

When we were trading in the $3,000s last December, the idea of reaching $10K-$20K in 2019 seemed equally out of reach. During bear season, we always tend to underestimate the honey badger.