The scene looks set for a long squeeze, likely with repeated lower lows, ultimately forming a spring, resulting in a breakout.
There are many lines on this chart and they are all approximate. I'm attempting to keep a fluid grasp of the price action, while keeping a long squeeze in mind.
My primary prediction is this: Price will break to a lower low 3 more times, but the lowest low will not form a new monthly low, staying above 91K before launching up to about 104K.
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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.