Enjoying the moves recently and very very interesting to see the institutional transition.
Giving 9 out of 10 calls are still "moon shots" I feel the Elliott formations/Wyckoff structures are starting to look to be in play.
Going all out on a limb. I would like to see from here, a liquidity grab around 30k, or on the next confirmation long is a break and retest of 72k.
See the previous post for the main reasons behind a drop.
However, to summarise it Institutional money would like to buy long but at a discount. That could be near a 50% mark and not really dent the sides.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.