It is fascinating that price action will follow a bunch of concentric circles.
first support at $9400. Possible bounce of the 21 weekly ema at $8700. Projected bottom at 8k.
Bottom can be lower, and resumption of uptrend can be earlier, it all depends on what price action does. For the moment the microtrend has changed downward. Must watch to see if the macrotrend will change and price is back in a bear market.
first support at $9400. Possible bounce of the 21 weekly ema at $8700. Projected bottom at 8k.
Bottom can be lower, and resumption of uptrend can be earlier, it all depends on what price action does. For the moment the microtrend has changed downward. Must watch to see if the macrotrend will change and price is back in a bear market.
