Possible retracement to 0.168 fib level
In the bigger picture we might see a retracement down to the 0.168 fib level around 15k. This would still fit in the picture of a potential falling wedge pattern, which (when breaking out) would flip us bullish again. There is also very little support between here and ~14k, so if our support around 20k (previous bullrun's top) would fail, we are likely to visit mid-10k's.
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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.