Max Pain
The NAS 100 seems to be rolling over again at this point we might see it go to pre covid levels .
If the NAS did drop 13% down to this level then Bitcoin could go as low as 13.5k.
This lines up with the 0.618 Fib and also there is major confluence at this level , it is possible that a wick down to this area could happen.
Chainlink would then come down to as low as 3.5 dollars which has some level on confluence.
Don't expect to market order any of these targets if there hit set limit orders for what is most likely to happen is a massive hammer capitulation wick lasting seconds , trading engine on exchanges will be overloaded showing you delayed order book infomation.
Worst that can happen is you don't get your orders filled.
If the NAS did drop 13% down to this level then Bitcoin could go as low as 13.5k.
This lines up with the 0.618 Fib and also there is major confluence at this level , it is possible that a wick down to this area could happen.
Chainlink would then come down to as low as 3.5 dollars which has some level on confluence.
Don't expect to market order any of these targets if there hit set limit orders for what is most likely to happen is a massive hammer capitulation wick lasting seconds , trading engine on exchanges will be overloaded showing you delayed order book infomation.
Worst that can happen is you don't get your orders filled.
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