Another push up to 1750-1800 then we could see a start of a buyable pullback
The next two years may take the market to new highs
Final Capitulation move possibly over and now = Take off countdown commence. Ready for lift off !
Positive Divergence indicating momentum shifting and a reversal possible soon
Indicators suggest a potential reversal because they show positive divergence on this weekly double bottom pattern
Possible support based on the 50EMA acting as demand line for the last 10 years
Assuming support at .23 holds, price may be able to continue up towards .30-.35
End of year bull run possible based on weekly macd crossover
Panic selling seems to be over as we are now seeing a bullish reversal pattern that is on track to target $25K next month
Completed 5 of 5 Elliott wave suggesting the correction is over
This could be the bottom to complete the ABC corrective wave
Indicators are extremely oversold and price looks like it completed its final 5 wave leg lower so I'm looking for a rebound to target the gaps above
Could we have finally reached the bottom? I expect to see price start a reversal from here
The first signs of bullish momentum would be a continuation up to $22K 🎯 to complete wave5 of a new wave 1
See support level between 3400-3600 as possible area to watch for demand to show up for bullish price reversal
Wave 4 bottom almost complete then we can see a bullish impulsive wave 5 toward $2500 by 2024
$100 a good buy the dip opportunity for a move to $120 or 20% higher possible over the next couple years as dollar strengthens
Multi year trend line support being tested here while indicators are oversold suggesting this ABC pattern may be completing this week