⭐ Merited by NeuroticFish (1)
After failing out of a 3-day mode on significant bearish momentum, I would say the odds of seeing the $20,000s again are pretty good, better than 50-50. Historically, $24-27K would be the prime knife catching area.
I'm surprised to stumble onto this here instead of.. you know, your thread...
With nice pictures and such I have a couple EW counts in mind and extrapolations to share in that thread (extremely bullish, mind you) but shorter term, things are still pretty speculative, and I'd like to see a clearer structure develop before making any grand predictions. I want to wait until I see a higher degree consolidation before speculating on exactly where we are in the cycle.
Until then, it's just basic trend riding, and waiting for that sweet sweet 30-40% correction.