The RED LINE returns: a bullish short-term prediction
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For more context on the red line see my other posts on the subject. I drew that red line a few years ago. And the last few months battle around the 100k level price has reacted to this line very strongly. I have multiple posts about this in multiple time frames.
I'm waiting for the price to get above the red line and stay there for about a week, then I am looking for the red line to act as support before parabola continues. To me it looks like that might take about 2 months.
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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.