I think we are going to get into pre-2018 prices.. Ill just say it. But of course anything can happen. Those weekly candles are pointing down. This does not mean that it wont recover. Its veery difficult to make long term price projections . There are too many variables that can happen. So to say that any instrument is going to skyrocket is not wise. However, anything can happen.

Notice the time line to the left and how long the price was ini that range. 3 years or so. Now there were ways to trade within that range but you need to know when to get in and out at the appropriate place. But intraday is for another day.

As far as the big picture, you can see where we are. It has not even began an accumulation cycle which is not good for the bulls/hdlers. Look for accumulation at critical previous areas of support/previous order blocks.

My plan (not saying it should be yours, you do what you feel you need to do) will be to start saving money in preparation for the next bull run.

There will be intraday opportunities ad swings. But as far as long term positioning, It hasnet even started an accumulation cycle yet.

Check out Pete Faders VSA on youtube if interesting in learning how to read volume .

Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA / Master the Markets
Pete Faders VSA*
Sam Seiden ( supply and demand )
Read the ticker dot com
Wyckoff analytics
PsychFX
MentFX
Element 15 trades (bitchute/odessy)

Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)