BTC corrected 23% today, can we go lower? What we do know is that $46k level seems to hold well as good support with a nice bounce. Check my BTC TA video for more!
If we happen to fall lower, I expect the area around 40k to hold any further price correction as by that time we will be at 30% correction.
On lower timeframes, we're turning bullish, so a possible path is on the chart. We will need, however, to pass 50k to be confident on any recovery and it is likely we will re-test the 46k as support again before going higher.
I also believe ETH is done correcting, hence this may be the end of this major correction. Tomorrow we should know.
Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my TA video on ETH and BTC!
If we happen to fall lower, I expect the area around 40k to hold any further price correction as by that time we will be at 30% correction.
On lower timeframes, we're turning bullish, so a possible path is on the chart. We will need, however, to pass 50k to be confident on any recovery and it is likely we will re-test the 46k as support again before going higher.
I also believe ETH is done correcting, hence this may be the end of this major correction. Tomorrow we should know.
Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my TA video on ETH and BTC!
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