These days we see a lot of people claiming that we are bullish
In my opinion we entered the downtrend channel again after a fake breakout on the daily close.
When we following up the daily close bottom line we will meet at 5500 USD again in some days.
At the moment we are touching the 0.5 Fib level which is a well known resistance for Crypto. Either we will see a ...
- Downtrend channel is ending
- All over correction becomes more and more flatten
- Worse case scenario would be a negative correction below 6800
- Assumed is a testing of fib level 61 again with a possible breakout or declining at 8050-8150 ( next measurement area)
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According to my previous post from the 19th May, which was correct so far, we have touched FIB 61 twice now.
So like predicted we are back at retracement.
In my previous post i have mentioned the correlation between the spikes of December, Februar/ March and now.
The "earthquake" is flagging and the waves tailing off.
if we test the lower FIB level 78 more ...