I call a rally to $20, leading up to CES!
The odds of seeing 6.4 is far greater then $20
Well now that we have seen sub $6.4
$8 here we come!
but in the meantime the bid volume that seemed previously overwhelming has been decimated by the downward momentum and magical poofing walls. it seems equally as likely to correct the month-long rally as it is to continue ramping. we just witnessed a serious correction to the spike to 7 that could easily usher in a short-term reversal.
When has a correction not happened in the history of spikes?
A correction, sometimes violent, will ALWAYS happen. It's funny when bears come out and say it's the end of the world. Look, we're back to 6.85 now.