Looking over Long term bull trends, this current bull run from 2009 to present day, more resembles the 40's bull run vs the dot com bull run.
I placed a red dot where I believe we COULD be in the current bull run if using the 40's run as a guide.
If this is to be true, then we can expect a deep pullback into the 32,000's in a giant range, consolidation.
Using a long term trendline, currently today, price is far away from it. Price would need to rest and build up before the next rip higher.





I placed a red dot where I believe we COULD be in the current bull run if using the 40's run as a guide.
If this is to be true, then we can expect a deep pullback into the 32,000's in a giant range, consolidation.
Using a long term trendline, currently today, price is far away from it. Price would need to rest and build up before the next rip higher.
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