What is going on with Crypto?

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carolinakid

carolinakid

Joined
Oct 20, 2021
Messages
36,827
With the current selloff we had yesterday, Bitcoin continues its downtrend, but I believe a reversal is coming very soon. The current move down is looking similar to the September correction, starting from the left top and continuing with a smaller local top 2 weeks later. It is likely we will progress sideways from here and break through the range around the middle of this month. 40-42k level is a weekly demand zone, where there has been strong buying pressure and it's unlikely we are going to continue down. Looks like a good time to load the bags and ride the wave for what's coming next!
 
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