Maybe but this cycle is just getting started. A deep drop will be a long wick candle. Bears have taken the wheel but I dont think they will drive for too long.
MrPipa
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@jryan20 yes but that’s it just started.. I wouldn’t get sucked into this. 52k is likely coming soon
jryan20
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@MrPipa, it could but price action has been very bullish. Looks like its trying to break out of a decending channel. If it fails, I think 48 is the local bottom. If it breaks we retest ATH, again.
MrPipa
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@jryan20 I’m looking at 46400 before this turns around and I think it’s coming