⭐ Merited by JayJuanGee (1)
The target of local short-term triangle is above $11000. Which will trigger break of long term resistance line at around $10000. And this will trigger break of giant long term triangle with target well above all time high.
This is a start of long term bull run. It probably will take around 4 years. After that world will see 10 years of bearish activity.
This is a start of long term bull run. It probably will take around 4 years. After that world will see 10 years of bearish activity.
He spoke prematurely. This is why I focus on horizontal resistance (monthly, yearly pivots at $10.5K) rather than trend lines. Trend line breaks are not reliable. Pivot breaks are everything. Here's a look at that short term triangle. Breakout failed:
I still agree with his long term idea that we are near the end of a Historical Wave IV. It could still be months before it's complete though.