I pulled up an old chart of mine with these trend lines and price has done a good job staying within them.
This leads me to believe that we'll still get the move down that I've been expecting back into the $22k-23k region. As you can clearly see from the chart, the area hasn't been tested as support.
I think that'll need to happen prior to seeing our final move up to the $37k-44k region.
My guess is this move will play out sometime between Thursday the 20th and Friday August 7th.
Let's see if it happens.
This leads me to believe that we'll still get the move down that I've been expecting back into the $22k-23k region. As you can clearly see from the chart, the area hasn't been tested as support.
I think that'll need to happen prior to seeing our final move up to the $37k-44k region.
My guess is this move will play out sometime between Thursday the 20th and Friday August 7th.
Let's see if it happens.
Nota
Got the timing wrong, but looking like this is going to hit the target shortly.Nota
I flipped long here as I'm not sure the target will be met.Nota
I'm back in cash as of the break of $25.7k last night... let's see if the target gets hit
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