Buyers taking the highs after the news, I have my eyes and now it is time to aim for the home run and initial ideal target at $47,500 - see the yearly close chart below. I managed to carry out some nice bids on the pullback although we failed to clear the $27,000 which was the well-known (C) target in our wave 4 pullback.
Excellent moves, I hope this has been a healthy exercise for all to follow. The key now is to ride the momentum, here happy to hold longs while looking to add on a test of $41,000 as the most important pivot below should we see it... Unreal to think that $220,000 is in play for Q4 this year.
Thanks as usual for keeping the feedback coming 👍 or 👎
I came to the same conclusions regarding the 48k target. However I'm really uncertain about the support level. 40k-ish make sense, however I could not exclude 38k yet. Other sources call for 34 or even 31, which seem to be a bit unrealistic at this point - at least for me.