.22 (level that we're bouncing from) is where MAGIC STARTS.
It's the first quarter retracement of the whole move. We spend three years trading in an accumulatory phase below this level, break above, and never return.
Last cycle we frontran a retest of this level in January 2021 before exploding to the upside, ripping through the previous cycle's highs.
This cycle, especially having traded for as long as we did above mid of the whole move, I was not expecting this retest of first quarter. Now that it has happened, however, there's no objective for price to go any lower imo. And Trump is out of wives to list shitcoins for.
In hindsight, first quarter is an excellent place for inflection, the beginning of continuation higher.
I believe still on course to run highs and WELL above $1.
Price will probably surprise many by 4/20.
Elon is cooking. DOGE solving US debt and becoming the currency of Mars is not priced in yet.
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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.