The correction is not over yet, lower highs and lower lows are a very bearish sign.
I think the whole correction from the 20k top can be seen as a triple three correction also known as a WXYXZ correction.
I've drawn multiple support and resistance zones along the way down, remember when support breaks it becomes resistance and the other way around. In my opinion we will bottom out in the $2500 - $3000 range.
Let me know what you think and leave a comment!
I think the whole correction from the 20k top can be seen as a triple three correction also known as a WXYXZ correction.
I've drawn multiple support and resistance zones along the way down, remember when support breaks it becomes resistance and the other way around. In my opinion we will bottom out in the $2500 - $3000 range.
Let me know what you think and leave a comment!