Crypto-ocean is stormy and sometimes storms last for many year as it is the case for Ethereum and Bitcoin.
Normally a coin makes an All-Time-High (ATH0) then corrects to the previous ATH (ATH-1), a.s.o.
Hier is an example for such an healthy correction:
This is not happened yet for ETH and also not for BTC. At its deepest point Ethereum lost 94% of its value to 80€. But this is not enough to be a healthy correction.
That's why I am expecting ETH to correct 22 USD, and BTC to 1163 USD.
I don't expect a new ATH for BTC and ETH and the correction will probably not end before this happens.
A whip is not a correction. A correction at the lowside should continue at leas a week so people can collect.
Normally a coin makes an All-Time-High (ATH0) then corrects to the previous ATH (ATH-1), a.s.o.
Hier is an example for such an healthy correction:
This is not happened yet for ETH and also not for BTC. At its deepest point Ethereum lost 94% of its value to 80€. But this is not enough to be a healthy correction.
That's why I am expecting ETH to correct 22 USD, and BTC to 1163 USD.
I don't expect a new ATH for BTC and ETH and the correction will probably not end before this happens.
A whip is not a correction. A correction at the lowside should continue at leas a week so people can collect.
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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.