Here we are tracking the ending of a 'C' leg in the 4th wave retrace (invalidation for sellers comes into play with 50,130 because it will mean the move is impulsive rather than corrective). Expecting sellers to step in here with risk storming the base for August, the next leg down would mean the lows are no longer protected via the meme prince. Elon now uncovered and exposed if we breakdown, we may witness the nuts being squeezed.
In case of any doubts recommend reviewing the macro chart as flows are a lot clearer. A breakout on the log chart unlocked the impulsive 3rd leg where we ticked $50-60,000 which constitutes the necessary target. We are now on our way back to the original blockade via increased regulatory pressures.
In case of any doubts recommend reviewing the macro chart as flows are a lot clearer. A breakout on the log chart unlocked the impulsive 3rd leg where we ticked $50-60,000 which constitutes the necessary target. We are now on our way back to the original blockade via increased regulatory pressures.
Comment:
...all eyes here for today and tomorrow
Comment:
we are starting to run out of room ... tracking very closely now
