It may also be in line with a 5 wave Alliot corrective count to the downside which may be finished ready to rise again?
January 26th The old contracts end and JP morgan and others may well be in to buy this baby cheap and re open monthly running contracts betting to the upside. Do you think they will sell contracts betting down for a fixed 30 day period until Feb 26th?
No they will UP.
currently linging up for at least a short term bull move up to 10700 dollar or even 11300Dollar. Who knows we break the Upper already this or next week.....
So is this the bottom? Nobody can tell for sure but price action tells us we are nearing the bottom.,
Time to scale in and buy some btc ltc or XRP or other at these lows.
Keep safe, trade safe,