Just made this for myself. Wanted it to share with others.
Just to give a simple overview of correction scenario's.
Imo it will go towards 67-70K after the correction or even higher.
But i think there is a correction imminent.
This is made with 2 Fib retracements one from the Local high of 41K to 29K in January and the one from 22Feb 58K to 43K.
The red trend line is from Dec. 2020 and the black one is from 27th of January.
Good luck and lemme know what you think.
And ofc. this is just my 2ct's i don't have any experience in trading.
Just to give a simple overview of correction scenario's.
Imo it will go towards 67-70K after the correction or even higher.
But i think there is a correction imminent.
This is made with 2 Fib retracements one from the Local high of 41K to 29K in January and the one from 22Feb 58K to 43K.
The red trend line is from Dec. 2020 and the black one is from 27th of January.
Good luck and lemme know what you think.
And ofc. this is just my 2ct's i don't have any experience in trading.
Comment:
It has left the uptrend channel. Strong support on 57 and 52 levels