we will have a sort of ABC corrective move down to major level $38,000 or 50-61.8% retracement of wave c) which would be $34000 to 36000 levels. If it happens, the latter levels are really safe to go long. Let's see how it plays out!
The index for the crypto's top 100 suggests that the the corrective ABC is already completed and we will cruise up to New ALL TIME HIGHS. Congrats to all hodlers.
In the weekly chart, we can see an increasing volume to the upside and stochastic indicator started triggering on the low as well. Both are really good signs of a bullish market is due. Level $50,000 becomes extremely important. If 50,000 becomes the support, that will bullish from that point and we naturally look up to the next major level which would be $80,000....
