I believe we will be red for another few days before we start to see some settling much alike what happened back in early September. I'm expecting a 40% drop just because historically its the norm and think it should still apply, however there's a possibility that we could only see a 30% drop because of strong institutional hands new to the equation. Overall only time will tell. After this fib time closes red the next one should be hella green. I dont think BTC has any problems unless we break 20K, breaking 24K or so would be a signal to me that its a possibility but until then I see this as a completely healthy correction in a Bull Market
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.