We've already begun a short squeeze that will go much higher than people expect.
This will turn into belief that cycle has bottomed and FOMO will carry it higher.
Price will meet the the 200 day moving average and the sell zone of the current channel at the 29k support zone, now resistance, in late September.
Shorts will have been thoroughly wrecked, and FOMO'ers bags will be thoroughly loaded for a long squeeze.
Price nukes into November for the real bottom of the cycle.
Why November? Check my related ideas.
This will turn into belief that cycle has bottomed and FOMO will carry it higher.
Price will meet the the 200 day moving average and the sell zone of the current channel at the 29k support zone, now resistance, in late September.
Shorts will have been thoroughly wrecked, and FOMO'ers bags will be thoroughly loaded for a long squeeze.
Price nukes into November for the real bottom of the cycle.
Why November? Check my related ideas.
