I think 1.8K is likely to be reached as a "KEY POINT" of which 3 scenarios for the long term market progression will be as follow from most bullish to bearish:
1. 1.8K is held and finished as a truncated Zigzag of the 4th
2. 1.8K is held but the next upswing will only be C of the B of Zigzag (as labelled on the chart) // Or may be now is the 1st of C with an Ending diagonal characteristics *** This is my primary count for now.
The time proportion and the QT/Interest Hikes of the overall market seems to support this hypothesis
3. 1.8K is broke like a waterfall and we see at least a standard Zigzag at 800USD. This is honestly very scary. However, I still think case 2 is more likely as the on-chain activity of the investor behavior is not that negative as of now.
I hope everyone survive the market, me too hopefully.
For those suffered from today crash whether from which coin, I would like to express my deepest condolences esp. from LUNA. Losing today and become stronger tomorrow.
1. 1.8K is held and finished as a truncated Zigzag of the 4th
2. 1.8K is held but the next upswing will only be C of the B of Zigzag (as labelled on the chart) // Or may be now is the 1st of C with an Ending diagonal characteristics *** This is my primary count for now.
The time proportion and the QT/Interest Hikes of the overall market seems to support this hypothesis
3. 1.8K is broke like a waterfall and we see at least a standard Zigzag at 800USD. This is honestly very scary. However, I still think case 2 is more likely as the on-chain activity of the investor behavior is not that negative as of now.
I hope everyone survive the market, me too hopefully.
For those suffered from today crash whether from which coin, I would like to express my deepest condolences esp. from LUNA. Losing today and become stronger tomorrow.