I am looking for a retrace back down to 2025's open price of 42,934 as notated in cyan blue line. After which, I am then looking for the bullish continuation to take out the highs and land around 46,250 zone. The average bullish monthly candle is 2500-3200 ticks using ATR. If price retraces to the yearly open and rallies from there with 3200 ticks, it will reach 46,250. That is my thought process.
Using the 2 Hour, price has been consolidating around 45,000 before rejecting on Friday.
Everything lines up to the tick. The first move higher and the subsequent measured move to the 2nd range expansion is 3200 ticks from high to low. The low from CPI is ripe for the taking.
Of course, this is in preparation in what I believe to be a 20% drop from 48,000 down to 38,000. This trend is far away from the yearly trendline and a pullback to 38,000 would be PRIME buying.
Using the 2 Hour, price has been consolidating around 45,000 before rejecting on Friday.
Everything lines up to the tick. The first move higher and the subsequent measured move to the 2nd range expansion is 3200 ticks from high to low. The low from CPI is ripe for the taking.
Of course, this is in preparation in what I believe to be a 20% drop from 48,000 down to 38,000. This trend is far away from the yearly trendline and a pullback to 38,000 would be PRIME buying.
Note
Pictured below is the entire 33-year Secular Bull Run from 2009-2042 where I believe the top to be put in at around 159,000 in the year 2042. I believe that 2024-2025 will be used to get as many Longs in the market as possible before they dump back down to 38,000, collect their money and buy their positions for cheap. They will then rally back up to 50,000 and start the march higher.
Nobody gets a free lunch
Note
Every secular bull trend has been exactly 400 months and 2300-2400% in gains. Why would this run be any different? Using this knowledge, this puts price at 159,000 and 2042 as I said above. Along the way, price will shake off as many Longs as it can before ripping higher. The long-term trend is extremely bullish. Note
Even the 1962 dump of 30% taking out all the higher-level Longs before the rip higher is kind of what is happening again here. A shake off dump and pump. 
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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.