Amazing correction on 1h frame from 13951$ to 10700$ ..
For now we have a hammer candlestick in a confirmed correction down trend, if the next candle will close green we may see a brake out and the end of correction wave ...
Else than this, we can see deeper correction and we can touch the point of 8900$ ( I see this scenario as the strongest scenario) ...
Anyway altcoins will struggle more in this period, until the stability of bitcoin !
For now we have a hammer candlestick in a confirmed correction down trend, if the next candle will close green we may see a brake out and the end of correction wave ...
Else than this, we can see deeper correction and we can touch the point of 8900$ ( I see this scenario as the strongest scenario) ...
Anyway altcoins will struggle more in this period, until the stability of bitcoin !
Comentarios:
strong support at 38% fib level .. let's wait for the reteste ...
The 50% fib level is strong and it's in intersection with the downtrend line if we'll broke it we will go forward ! Else if we broke the 38% fib level we will see the 2nd scenario that i have mentioned !
Let's hope for deeper correction !
SELL HIGH AND BUY LOW.