The little crash of BTC was really expected technically speaking, so there is no need to panick. This was just a way the market was to recover a little after the rally it has done.
Well according to the chart, we see the formation of the 2RFL, which means that price would come for a retrace before continuing the move to the upside. And also in that area we notice a fib retracement of 61.8% which is the golden ratio. SO i expect price to umm, either retrace a little bit more and fully enter the zone of liquidity or continue from there to the upside, which is also a good sign for the alts. And if it does, the expected target of the BTC is the FIB extension of 1.618, which corresponds to 77K in price of the BTC. Now is the time to BAG more BTC before the next move to the upside.
N.B: This is not a financial advice, and while placing your trade make sure of having a good risk management.
Well according to the chart, we see the formation of the 2RFL, which means that price would come for a retrace before continuing the move to the upside. And also in that area we notice a fib retracement of 61.8% which is the golden ratio. SO i expect price to umm, either retrace a little bit more and fully enter the zone of liquidity or continue from there to the upside, which is also a good sign for the alts. And if it does, the expected target of the BTC is the FIB extension of 1.618, which corresponds to 77K in price of the BTC. Now is the time to BAG more BTC before the next move to the upside.
N.B: This is not a financial advice, and while placing your trade make sure of having a good risk management.