Here is what we are currently seeing.

Now we might not reach 65k again or we might go up to 66k+ BUT as it stands, according to the schematic, APPROXIMATELY, we should bottom in mid 30's and go right back up to take shorts, basically SOMEWHERE above 60k.

Why do I think 36.7k?

Because it is max pain in my opinion.

And usually there is at least a $200-300 drop to stop out 37k buyers.

Bids at 37, 37.5, 38, 38.3, 38.8, 39.3, 40+
Bids at 36.6, 36.4, 36, 35.5, 35, 34.6, 34, 33.6, 32,8 etc

BUT this is a guess of course, the number could be different but anyway, we can drop and go back up, front running the daily trendline.

ALSO CHECK OUT THE SAME IDEA (but from before we knew where AR was, i thought it would be 46k area but now it turns out its 57.8)