From the ATH, I believe we have seen a 5 waves move. This means that we have began a new trend down which would either result in a ABC zigzag or in a bigger impulse.
This last month, we haven't seen a new low as the trend has retraced in a correction which, in my point of view, is a very clear 3 waves move reaching very soon the famous fibonacci level of 61.8% for a 2nd wave or a B wave of a zigzag.
After this level has been reached we should expect new lows at the minimum of 11 800 $.
This last month, we haven't seen a new low as the trend has retraced in a correction which, in my point of view, is a very clear 3 waves move reaching very soon the famous fibonacci level of 61.8% for a 2nd wave or a B wave of a zigzag.
After this level has been reached we should expect new lows at the minimum of 11 800 $.