I am intently monitoring what $BTC does here. We're either going to see a small run up or we collapse further down. Nail biter!! LOL
wow. $BTC strong support at these levels and a nice bounce up. Part of me feels like it could break that trend line and make a nice move up. Did we see the bottom??
$BTC has tested this support level 5 times since June on the daily. Pretty crazy if you think about it.
$ETH weekly chart to me looks like we test $1000 again(demand zone). Which if we get a slight bounce would technically give us a double bottom. Let's see what happens when we enter the demand zone.
It appears $BTC is headed to $17500. If that breaks, we're definitely headed toward $15K
$ETH definitely forming a large bull flag on the daily. I expect one more move down. Then it consolidates and off we go. But this likely will playout end of year or into early next year. NFA/DYOR
Looks like a move to $25K. If it can't break it then I see 14500. If resistance is broken then a likelihood of 32K is possible.
I have my primary target between $13000-$10800. This will be my entry point. Fibonnaci levels of 1.6 correction is usually a good indication of a bottom. But nothing is guaranteed. NFA and good luck.
I do believe the worst has yet to come. $BTC bottoms out at $10600 after retracing back to $32000 levels.