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What is the target for this correction? If we look at the previous trend reverse in July 2021 the price broke through the 26 EMA and the first correction was

I supposed that the Bitcoin is in large distribution phase and now the price is going probably to enter into markdown phase.

I thought that we will see impulse pump to $44k today, but the price got rejection again from the same level.

As you know I opened long position on BTC at $36300 and close it at $44500 when saw the incoming correction sign.

If we take a look at the last downside impulse we can see that the price corrected exactly to the 0.38 Fib level.

Now everything looks like the $41800 price level will be broken to the downside. But, there are no long or short signals now.

Today I re-entered the position because of the true bullish divergence on the 1h timeframe.

When it comes to crypto trading, one of the biggest challenges is finding a reliable and effective trading tool. That's where Skyrex comes in.

The new heading - where is the bottom for altcoins! Let's get started with the CELO coin.