Next two weeks we could see retest on half of this month candle - around 20k USD region.
Watch for price action in that region - there could be big fight there. Lot of manipulation, fear etc.
Watch for multiple confirmations.
It is still not clear if we are gonna see motive wave down 1-2-3-4-5 and we are just in the complex 3-4 correction or this move down is just huge A-B-C correction and we are already in Wave 1 of next bull run.
I am voting for A-B-C correction since motive wave down 1-2-3-4-5 usually means start of huge bear market. Motive waves always change the main trend when they appear.
Watch for price action in that region - there could be big fight there. Lot of manipulation, fear etc.
Watch for multiple confirmations.
It is still not clear if we are gonna see motive wave down 1-2-3-4-5 and we are just in the complex 3-4 correction or this move down is just huge A-B-C correction and we are already in Wave 1 of next bull run.
I am voting for A-B-C correction since motive wave down 1-2-3-4-5 usually means start of huge bear market. Motive waves always change the main trend when they appear.
Comment:
Watch for 20k region
Trade closed: target reached
