Im seeing a lot of similairities to the last bigger correction. see the ath last time giving a 5 to 7 down before strong bounce on the dialy on 4h you can see the hit the target box perfectly this time and also last time. both pierced the 50 line for 2 candles and a strong bounced happened last time It didnt happen now yet but it could happen soon. i dont know if it will but till now it looks like a copy paste. only thing is last time the drop was 25% and now its only 14%. maybe just fine. drops seem to get smaller and smaller. Also last time we left the bottom support briefly but got back soon after.
The higher we get parabolic the smaller the corrections, we first did 40%, then 30%, 25% and now barely 14%. last drop was a .5 fib bounce, now we just came short of the .382 bounce.
we have to see what happens now, for now i lean to bounce. only small sign is that the is lower then when previous happened on the 4h chart but already higher then the small ath in between. daily is totally .
Next view hours we will see if it is a and we go to $25k area which is my next target if we go up. Probably around x-mas or before new year!
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