We are going down with perfect same homeomorphic shape(with getting smaller box height) to 6900$ area.
Personally, IF the price cannot stop or bounce back at that level(6900$),
THEN we are heading to 5500$ (which is 45% drop same as the last one) which needs 1 more week, with no guarantee to go up again soon.
Personally, IF the price cannot stop or bounce back at that level(6900$),
THEN we are heading to 5500$ (which is 45% drop same as the last one) which needs 1 more week, with no guarantee to go up again soon.
Note
update: We did not go 6883 in the box and my idea of next movements of the price are in the next chart image(I changed the large ivory color box width). Price movement goes slow down I think. Note
We can see green small candle as the other previous two boxes, highly likely to happen another drop with big red volume, be prepared.
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Disclaimer
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.