The crucial point of my precedent TA didn't hold and invalidate the ABCDE .
We clearly see now the woods of a major correction. Remember correction are healthy and that's a good time to buy more if you caught the good price.
Different scenarios are now possible :
- We could be at the wave C of an EW correction that would push us to 8k area.
- We can see on the chart a pattern who could slowly put us to 7-6k area with a possible breakdown to 4K... and yes... i think it's possible but as always it's a game of probability.
For the first time in Bitcoin history (if i remember well) the daily shows a possible reverse trend in zone.
shows signs of too.
We'll probably retest 10K before any other scenario, but i don't expect this support to hold a very long time.
It's always a pleasure to read your comments, agreements and disagreements are always welcome when there are constructive.
Strongest support 89weeks WMA : 5100$.
Only if we break 10K.
Yes i think 10500 is a short-term support (some hours, maybe some days).
8k should be a better one where we could see the resume of the uptrend with a good bounce...
But it's too earlier to be sure of anything.
The real positiv point for me is that patient people well be able to see good buying opportunity in the coming days... just play it safe.
Have a nice day