As per my last analysis we have reached out target of 6K now. (See the previous charts)
Whats next ? I have been looking at the price action for few days and i think we will have a retest of the low again
This will be very interesting for the confirmation of the correction period
6000 should form a solid support to and price should go up again from there
If this level is broken then we are looking for 3000 - 4000 area.
Its too early to be sure on the completion of the correction phase and even if we have already finished the correction we should see some solid consolidation. So there is no hurry to get panic and thinking that you have missed buying at 6000 and it will go to 20000 again. This wont be happening soon. Just keep calm and look for the price action. There will be great buying opportunities coming
Best of luck
Whats next ? I have been looking at the price action for few days and i think we will have a retest of the low again
This will be very interesting for the confirmation of the correction period
6000 should form a solid support to and price should go up again from there
If this level is broken then we are looking for 3000 - 4000 area.
Its too early to be sure on the completion of the correction phase and even if we have already finished the correction we should see some solid consolidation. So there is no hurry to get panic and thinking that you have missed buying at 6000 and it will go to 20000 again. This wont be happening soon. Just keep calm and look for the price action. There will be great buying opportunities coming
Best of luck
