This analysis is a "Fib.-trifecta" combining a retracement, fan and spirals.
I actually had to calculate the next Fib. level by hand. I don't think trading is usually this extreme, but hey, this is crypto!
If we break current support, the next support level should be aound 7,200 with a likely range of 6850 - 7,540 per the Bitfinex pricing.
If this happens, I think this will be the end of this very strong correction and we should get a major bounce up and out of this falling wedge.
Let's see what the King has in store for us this weekend.
I actually had to calculate the next Fib. level by hand. I don't think trading is usually this extreme, but hey, this is crypto!
If we break current support, the next support level should be aound 7,200 with a likely range of 6850 - 7,540 per the Bitfinex pricing.
If this happens, I think this will be the end of this very strong correction and we should get a major bounce up and out of this falling wedge.
Let's see what the King has in store for us this weekend.