It's really easy to get caught up in lower timeframe price action, especially when things are looking bullish. I want to play devils advocate here and point out a long term support line (purple) nobody seems to be calling out.
We haven't touched this long term support since May of 2017, and usually do after a parabolic advance is violated. The parabolic advance of the epic bull run of 2017 was violated in December, and we have yet to wick our purple long term support.
Taking a macro view, I suspect we'll see lower lows within a couple months.
We haven't touched this long term support since May of 2017, and usually do after a parabolic advance is violated. The parabolic advance of the epic bull run of 2017 was violated in December, and we have yet to wick our purple long term support.
Taking a macro view, I suspect we'll see lower lows within a couple months.
Note
Target clearly reached — New post calling for mid to high $2K bottom: 
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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.