First of all, the blue line comes since 2013. It acted as support so now is only normal for it to be the resistence this bull run will end have to break or die trying.
Second, the Fibonacci retracement shows our upper limit at about 81k.
Third, the black line, our current bull run support I think will be tested again after hitting 80k.
So, in conclusion, I advice to take profit on everything crypto related and look careful if we go to the BLUE dot. This will be the most interesting place to buy alts or short the hole market.
If the support breaks, we should she a correction of more than 50%. My best guess: $30k.
Second, the Fibonacci retracement shows our upper limit at about 81k.
Third, the black line, our current bull run support I think will be tested again after hitting 80k.
So, in conclusion, I advice to take profit on everything crypto related and look careful if we go to the BLUE dot. This will be the most interesting place to buy alts or short the hole market.
If the support breaks, we should she a correction of more than 50%. My best guess: $30k.