Range lows came in a bit quicker than I expected. Small timeframes are invalidating bullish divergences suggesting bearish price continuation. $38-40k will be the support zone to test for BTC. $2680-2850 for ETH. Keep in mind we are in a cyclical downtrend on the daily chart so bounces won’t be as strong as tumbles.
Yes things did change quickly, if we fall to the 38- 40k zone, do you think we rally back to 44k-46k? And then continue up to 50k? Or still to early to tell?
Yes things did change quickly, if we fall to the 38- 40k zone, do you think we rally back to 44k-46k? And then continue up to 50k? Or still to early to tell?
thank you