Average volume roughly drawn here in white shows that the general trend is up even throughout this massive dip. Volume on average is increasing and so this implies strength.
Also the drop came exactly to the .786 retrace when we do a fib from the last ATH of 20k to the recent one at 64k.
This tells me that this is the bottom and its upwards from here. This .786 line has very strong support. Also we are now finding support at the 50 week EMA another sign of bottoming out.
Also the drop came exactly to the .786 retrace when we do a fib from the last ATH of 20k to the recent one at 64k.
This tells me that this is the bottom and its upwards from here. This .786 line has very strong support. Also we are now finding support at the 50 week EMA another sign of bottoming out.