all phases without wanting to preview timeframes of them
basicly it means: sidemovement from now, new rally than.....RSI on Daily will be overbought......the BIG retracement is than neccessary (or we will inflate a bubble, which can happen, too). retracement according to Murphy's law is between 1/3 and 2/3.......if it goes up to $120, one third will be +or- 101......$100 support is very, very strong. so it wont fall.....after another sideway phase, the big uptrend will continue
basicly it means: sidemovement from now, new rally than.....RSI on Daily will be overbought......the BIG retracement is than neccessary (or we will inflate a bubble, which can happen, too). retracement according to Murphy's law is between 1/3 and 2/3.......if it goes up to $120, one third will be +or- 101......$100 support is very, very strong. so it wont fall.....after another sideway phase, the big uptrend will continue
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.