Starting to curl down now after getting rejected by the 50 Day MA from below and this relief bounce since August is in a bearish channel now, so if this can make a new low, this will likely result in a breakdown and a move down to Wave 5 as shown, where I have it just at the 200 Day MA at $64 right now.
No rush here with $COIN, I think the crypto mining companies right now are a better exposure to crypto than $COIN.
Peter Mocca
2023-09-20 02:14:28 +0000 UTC