1 more line to cross to confirm ABC correction to $35k
Previously I thought the drop down to 32k proved that the ABC correction was over, but this jump up to $32700 invalidated that idea (I believe).
See my previous thoughts here:
However the yellow horizontal line still needs to be crossed as not passing it indicates a triple top pattern which is very bearish. Right now the price is hovering at the line, and I think the momentum is very bullish and we will push through.
I believe we will know the answer in 1.5 hours when the daily candle closes.
See my previous thoughts here:
However the yellow horizontal line still needs to be crossed as not passing it indicates a triple top pattern which is very bearish. Right now the price is hovering at the line, and I think the momentum is very bullish and we will push through.
I believe we will know the answer in 1.5 hours when the daily candle closes.
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