Last nights move was final confirmation for me that we have very likely bottomed out long term. Heading to new all time highs from here i believe and probably much higher than that. AT MINIMUM the red trendline above will be tested. Might be a strong rejection at first touch, might not.
If this is indeed a long term bottom, then this wasnt really a bear market, just a correction. This next wave could be MASSIVE.
Will be easier...never easy...but easier...to look for near term profit targets as the move progresses, but surprises will be to the upside. The risk is taking profits too early and missing the bigger move.
Should not revisit 70k if im right about this.
The best strategy is probably to hold now and look to add size on any pullbacks.
If this is indeed a long term bottom, then this wasnt really a bear market, just a correction. This next wave could be MASSIVE.
Will be easier...never easy...but easier...to look for near term profit targets as the move progresses, but surprises will be to the upside. The risk is taking profits too early and missing the bigger move.
Should not revisit 70k if im right about this.
The best strategy is probably to hold now and look to add size on any pullbacks.