People should just understand that there is NO incentive to increase beyond $9000, and from the looks we likely won't even be able to maintain $8000 for much longer. Anything near the $10,000 level not that long ago was a perfect short. My personal opinion that's based on the bottom development is that we will likely settle a new bottom in the coming weeks just below or over the $7000 level.
It all fits in the bottom stacking that's happening, which all indicate ~$500 growth increments.
~$5500
~$6000
~$6500
~$7000
We are booking some decent progress in the background while people keep talking about bears and other bs. Accept that the upper range of the market mirrors only the speculation in the market, and that's exactly where the up and down movements happen. Where people see a market in decline, I see growth. How so?
