Bearish trend is established.
We'll probably get another run up past 100k, but first I think buyers and sellers need to figure out if they want to get out or stay in.
If you measure this impulse wave, a 38.2% retracement takes us to around 32k which is the most common retracement for a wave 3 which I'm suggesting that we just finished.
Time to see who has weak hands.
We'll probably get another run up past 100k, but first I think buyers and sellers need to figure out if they want to get out or stay in.
If you measure this impulse wave, a 38.2% retracement takes us to around 32k which is the most common retracement for a wave 3 which I'm suggesting that we just finished.
Time to see who has weak hands.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.