What did you expect?
did you think this was going to be a permanent climb across an unexplored horizon?
Well, like almost all things that grow, to continue growing sometimes you have to fill the tanks by going back and fall a little before bouncing...
I am not at all worried, the market is only starting to explode upwards but nonetheless, from time to time someone has to collect their profits and it seems that today is the time for some whales to do so.
The last EW wave has completed a fifth, now it's time for correction...
Important levels according to FIBONACCI are:
- 52000
- 47083
- 40139
I would bet on a hard landing at the last support level between 48100 and 47000 although the volume is not justifying a further decline from current levels either ...
It is time to wait and see what happens and above all bear in mind that in the monthly chart we have not reached the historical RSI ATH ...
This gives me confidence.
HOLDDDDDDD !!!!
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
