GET READY TO BTFD! 22-24K inbound?
The Daily RSI has begun to breakDOWN out of it's triangle. MACD still signals weakness with the line crossing under the signal. Most other indicators calls for weak bulls. Thus, I think we're at the beginning of the last (5th) Elliott Wave down.
Trading principles says we should at minimum retest 18.8-20K, and quite possibly lower. But I'll be happy to back the truck up at 24K and see what happens from there.
As always, nothing is guaranteed. Trade safely, manage risks and DON'T let Elon tweet.
Trading principles says we should at minimum retest 18.8-20K, and quite possibly lower. But I'll be happy to back the truck up at 24K and see what happens from there.
As always, nothing is guaranteed. Trade safely, manage risks and DON'T let Elon tweet.
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