First of anything this idea is basically based on fib channel so do your own diligence.
As you can see first cycle in 2013 topped at the 1 level doing a 2 peak bull run, 2017 peaked at 0.78 level, so is very probable that this cycle can peak at the 0.61 level around 250k, also resistance line of the previous cycle's match with our long term target.
For the...
Support on $13 seems to hold for now, today a lot a volume came in the first hour pushing up the price, then the price had their retracement so on daily isn't the most bullish candle but because of volume im looking for a trade with a risk 4/1.
The target could be $22 looking for fib 0.618 of the last down movement.
On the fundamental side i read something about...
