Price tried retesting lows of original drop (around $30k), but never actually reached there. Instead it’s rebounding slowly, and looks like we should see further rebound. 200 day MA is minimum price target (currently around 
42K), but can go as far as retesting neck if the H&S formation (low 50s K). I am not sure how long this rebound will take, but after that I’m expecting drop back to $20k range.
42K), but can go as far as retesting neck if the H&S formation (low 50s K). I am not sure how long this rebound will take, but after that I’m expecting drop back to $20k range. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.