Another leg down for BTC-USD, to Feb low... is this the last?
BTC USD setup points clearly towards Feb low at 5.9k. A light of hope comes from RSI being oversold, and EW pattern showing we're in a 3rd leg down.
A more pessimistic outlook is the bear point of view, which would impose a 12345 pattern down instead of ABC. This may bring us to 0.786 fib retrace from december bull run at 5.5k. The following supports would be 5k and around 4k.
A more pessimistic outlook is the bear point of view, which would impose a 12345 pattern down instead of ABC. This may bring us to 0.786 fib retrace from december bull run at 5.5k. The following supports would be 5k and around 4k.
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