Those 2 previous analysis' are still valid, a daily close below $ 6,9 k and a weekly close below $ 8 k signals for bearish market continuity. Elliott Waves on daily chart (based on closing prices) simply tells us that we might have a daily close as low as $ 4,6 k and on the other hand, weekly analysis tells us that we might have a weekly close as low as $ 6 k at the same time. Considering we will most probably have a very volatile price action around PRZ, expect an intraday spike as low as $ 3 k. Unless we observe a major change in correlation of volumes and current price action, we may still expect downtrend to continue.
Best regards,
* Previous analysis' are linked in the related ideas.
Best regards,
* Previous analysis' are linked in the related ideas.
