Just an idea about a curved support line showing that we possibly bottomed already around the 10k mark and are now legging up. The 4HR MACD went stupid low and is making its way back to crossing over. Maybe room for a potential double bottom could occur if we reverse again.
I think by Dec 25-27 we will be testing the bearish divergence. If we can get the MACD above the bearish divergence (green box), we are going to push up exponentially compared to this last run. Interestingly this seems to be where we will test our all time high as well.
IF not, we could probably adjust the curved line to reflect a further drop into the 8.5K range that all the negative nancy chartsters keep calling for.
Hoping for the option A!
END OF YEAR 2018:
Potential Bear Continuation: 8-9k
Potential Bull Continuation: 35-50K
PS: O'doyle rules, F@#CK Ver
I think by Dec 25-27 we will be testing the bearish divergence. If we can get the MACD above the bearish divergence (green box), we are going to push up exponentially compared to this last run. Interestingly this seems to be where we will test our all time high as well.
IF not, we could probably adjust the curved line to reflect a further drop into the 8.5K range that all the negative nancy chartsters keep calling for.
Hoping for the option A!
END OF YEAR 2018:
Potential Bear Continuation: 8-9k
Potential Bull Continuation: 35-50K
PS: O'doyle rules, F@#CK Ver