I think we're in the final part of the correction.
what does TA say?
We are still between fib 0,382 and 50% where we've been ranging for a few days now.
This can be a good point to turn to the upside again.
If we do lose this level we can go down further towards 40k
Here we could
Touch 50D MA
Come back down to previous swing high
Come down to ascending trend line
and also at the crossroad of all of this is the fib 0,618 level.
All in all this makes me Bullish and tells me the bear market is not here yet but we could go down a little further before moving up.
Let's see ...
what does TA say?
We are still between fib 0,382 and 50% where we've been ranging for a few days now.
This can be a good point to turn to the upside again.
If we do lose this level we can go down further towards 40k
Here we could
Touch 50D MA
Come back down to previous swing high
Come down to ascending trend line
and also at the crossroad of all of this is the fib 0,618 level.
All in all this makes me Bullish and tells me the bear market is not here yet but we could go down a little further before moving up.
Let's see ...