Thank you.
In 6 - 12 months I expect prices to be making new all time highs. I basically follow the 'stock to flow' model by PlanB which predicts a bull run until summer 2021. Elliott waves, indicators, Renko charts are ways to try to understand and label the more exact position in this cycle.

However, in an ideal world, we should first go down to 7500 - 8000 before moving up again. Will that happen? Nobody knows.