This will go down at least to the 2nd support. Therefore, it will either be a bigger correction or we'll drop very hard one last time.
Okay... a drop to $8000 area is also a strong drop.
Nevertheless, I still see a high chance that we will test or break the $6000
- mark my words.
But until I have no signs I will not post anything about it.
Good luck :)
''I saw an inevitable drop on it's way, but I sure didn't expect it to hit so dang fast! ''
I expected it. There is a huge amount of long position right now. Last days it increased very strong because of the expected inverse head and shoulders or whatever...
The more long positions there are, the harder the drop will be. It will be interesting to see if people close their positions or not. Because if not then it can go very far down.