OPTION A: BITCOIN falling to our excepted grown around 2950 USD, then, possible rebound up, depending on the first "height" it reaches we could forecast either an A-B-C upwards or a more consistent uptrend (if it's A-B-C the consequences are worst :-( ) OPTION B: Sudden rebound at 50% of the last fall and drop again lower than our previous ground... around 2000 USD will be our next consistent support... This option is also known as the "Dead Cat Rebound" and well informed crypto investors are forecasting this movement as the final capitulation
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.