The sentiment is so Bearish - is this the end of Crypto, really? Is it possible that BTC surprise "everybody" again...as usual? Anyhow, BTC and ETH looks similar, chart wise. I see two possible scenarios play out the common hours/days. Total Capitulation or horisontel Accumulation. BTC < 14K is a buy for me, ETH < 1K is also a buy for me.
Considering the overbought RSI, I would say we are going a little bit side way from now then a nice drop back to 0.68 Fib retracement on last pump followed by more side way and then a big drop to 2800 for a double bottom or even lower for a complete capitulation.
We have reached a capitulation in the market at large.
November has been a bloody month. We saw this coming earlier as it was clear that the long term trend for BTC was money leaving the market which translates into weaker supports in price ranges that did not have strong supports (speculative prices around 6000). Well, most of those traders have cleared out....
