Double bottom at $450
Looks like we could be heading for a double bottom down to $450 if this wedge (blue) holds up, possibly as low as $400. Then we'll moonshot past Elon's roadster up to 850 or 1200 and out of this downtrend channel (teal). It's probably more likely to hit 1200 with all the FOMO weak hands that the last bubble brought in.
I'm really only basing the double bottom on how perfect that wedge tip lines up with the long term trend line. We could, of course, just keep steadily chugging along and breakout up to 850 or 1200 after a little downward wedge pressure but it just looks too damn good to me to not double bottom.
Either way some good entry points to mortgage the house on and pimp out the wife for coming April.
I'm really only basing the double bottom on how perfect that wedge tip lines up with the long term trend line. We could, of course, just keep steadily chugging along and breakout up to 850 or 1200 after a little downward wedge pressure but it just looks too damn good to me to not double bottom.
Either way some good entry points to mortgage the house on and pimp out the wife for coming April.
Penafian
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