Path to $5000

13 Jan 2020

A lot of people saw the last move up as a breakout, but were we all just looking at the wrong points to create the triangle? If you ignore the highest peaks of the last bull run you can build a picture that might more accurately portray the downtrend. I think it's entirely possible we break downward from this smaller triangle and bounce off some of the supports we know and love in the $5000-$6200 range.