Short term drop is within weeks

Updated

There is still room for a rise but a pullback is needed for it to continue growing

Note

Nothing has changed and targets remain the same with buying 10600 and 16700

Note

Again - nothing much has changed on this medium term idea and we are still targeting 25,000-30,000 area for a buy to 57,000 where we will review the situation if there is a drop to 10300-16500 or the rise to 70,000

Note

We may spend all summer buying dips before we see another rise late autumn. But as we can see from the chart - the price is behaving almost exactly as predicted.

Note

It did rise one more time after my last comment and it has dipped to 30k where it started to rise again providing buying dips.

Note

Every dip offered is a buy opportunity. Retail trader with leverage should not buy if they cannot withstand 20-30k drop.

First target should be 80k by end of December- early January.

Erland

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