In the last two days we saw BTC and other cryptos rise up in price. If you are new in this space, some of you are probably thinking that btc is done with correction and it's going up. While this is not totally out of the question, as it could still surprise us with setting new highs. I've been in this space for almost 4 years now and would be VERY surprised if price would indicate that a correction is done.
Anyway, everything points out that we are doing an ABC correction, where we've just finished a B wave, almost touching a 3.0 fib extension level ($53023) and are most likely going for another scary leg down which should take us a little deeper than A wave. Be prepared for very negative news, whatever will be sad, don't lose sight of a bigger picture.
I am not a financial advisor so don't buy anything that a say. Wish you all successful investment.
BTCUSD
Anyway, everything points out that we are doing an ABC correction, where we've just finished a B wave, almost touching a 3.0 fib extension level ($53023) and are most likely going for another scary leg down which should take us a little deeper than A wave. Be prepared for very negative news, whatever will be sad, don't lose sight of a bigger picture.
I am not a financial advisor so don't buy anything that a say. Wish you all successful investment.
BTCUSD