Doing a fib retracement from previous low on the monthly shows our 0.786 lvl sits around 17k . In my opinion, we will likely wick way below that before the monthly actually closes above the 0.786 lvl .
So I think 13.8k is on the table, worst case even dip below 10k real fast..
Note
also this falling wedge we're in ends exactly at the 0.786 lvl .. coincidence?
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