Support Lacking

The support didn't hold from my last post and took us on a wild ride. We did catch the sideways movement for about 7 hours before breaking through the 70K Profit Point and finding some resistance causing a tweezer top two-hour reversal that found support between the 32.6% Fibonacci and the 50.0% Fibonacci retracement levels. Which in turn caused a retest of the 70K Profit Point that failed to go through and sent the price in a Bearish Mini Crash or Correction, take your pick. Where we broke the 65K Trigger Point and hit the high 64s finding support and starting back on track to 70K.

From there we hit resistance at the 50% Fib retracement causing us to again break the 65K mark twice in back-to-back hours before getting stopped just above the 38.2 retracement level causing a reversal and retest of the 50% retracement level where the price held and is now headed back to retest the resistance just above the 38.2 Fib retracement, where I believe we will get pushed back again and sent to retest the 65K one more time before continuing to 70K and above.

75K Prediction

I'm not ready to change that this far out...we still have 2 weeks and 1 day to accomplish this milestone, so I'm sticking with that prediction and we shall see what the market does. It should be noted that this is not the way to trade or invest, I mean by predicting market movements. Instead, you should let the market do whatever and prepare yourself for different market scenarios...which entails sitting down and making plans for "What If" in both directions Bullish and Bearish this way hopefully you won't get caught off guard.