Unfortunately, this correction could already be done! And if correct, it was SUPER WEAK, indicating a huge drop to follow.
Another warning sign is the bearish break-out out of the red resistance zone.
MEME LINE REJECTION No. 8
First target would be 39k. If that does not show a bullish reaction, 35k is next on the menue.
I warned about this already on my 10.12.2021 update. We didn't even hit the standard ABC target of 100% of wave A, showing severe weakness. A complex correction labeled WXY could be done now (not an ABC).
https://peakd.com/hive-126009/@ew-and-patterns/btc-update-10122021
Dear @ew-and-patterns, we need your help!
The Hivebuzz proposal already got an important support from the community and is close to be funded. However, it misses a few votes to get past the return proposal and your could make the difference!
May we ask you to support it so our team can continue its work this year?
You can do it on Peakd, ecency,
https://peakd.com/me/proposals/199
Thank you!