Post 100k offered temporary and limited upside (108k) near term as TREND B5
provided strong resistance to be followed by a strong decline in price.
Respect the trend.
TREND A6 suggests the bottom of the current price range to be around 95k.
TREND A6 has proven to provide strong support as holiday season is upon us.
Can we be heading into another Christmas rally?...
This monthly chart suggests a pull back to within the Bollinger bands as momentum stalls at Fib levels 0.886 notorious for strong resistance and reversals. I expect support around 50 - 53k as fib levels 0.702 should be sufficient to guide us forward towards the halving.
X-Trend Weekly chart represents weekly trend resistance levels. Resistance currently...
