Will be hold?
May stay in the 45-55 range until the market figures out this tax loss/ capital gain for 2021.
May stay in the 45-55 range until the market figures out this tax loss/ capital gain for 2021.
Comment:
I can see as high as 54K this week but the market will have to support that move.
Comment:
Also, we have never ended the top after a halving on a red monthly candle. This will be the first time if 69,000 is our short term top.
July 2016 2nd halving low 605 to 19666 Dec 2017 17 Months 3200%
May 2020 3rd halving low 8109 to 69,000 Nov 2021 18 Months 860%
Yes.. I can see a retrace until as much as 2023 to get ready for the forth halving in 2024 and the market supporting that retracement. How far is the question. Percentage halving retracements show 65k as the low but we are of course lower than that now. Bottom uptrend shows as low as 20K. Quite a spread but ready for either.