Is pretty straightforward the reason why I believe $ETH is going to sub $3k and is because historically speaking such a wick like yesterday has always been retested at the very least but I'd go as far and say that most likely this time we will not only retest it but pierce trough it and get close if not test the 0.618 region as simple as that only time will tell, I still believe we're in a bull market but this hasn't been the type of bull market that $ETH has us used to, We should see downward price action for the next few weeks and accumulation around the bottom, the moment we're trading in the $3k region and people start calling for lower prices will be the time to buy in my opinion.
These are just my thoughts hope to hear what everyone else here thinks.
These are just my thoughts hope to hear what everyone else here thinks.
Trade closed manually:
After considering a few different indicators and given most recent price action I no longer believe we're going sub $3k and in fact I now think that most likely the low is in and the path of least resistance is UP.