Well, I was saying earlier that we would be heading for a correction but I didn’t know that it would be this severe.
But I personally think that there could be more downside action. We shouldn’t be afraid for that because it offers the opportunity to accumulate more and cheap crypto. But I'm still bullish in the longterm.
The next levels that I’m watching for are the green lines of (previous) support. The levels I’m watching at are 44.5K, 42.9K and 41.3K approximately. The latter is also showing confluence with the 0.5 fib retracement level.
This is my publication #15. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know and do not hestitate to send me a message and to leave a comment! I’m also just a trader.