The crypto has found its support

3 525
Bitcoin CMP $70690

The beauty of looking at various asset classes is that they rise and fall together. In my view the correction in the crypto is over.

Elliott- The v waves within the C wave is done. Hence to me this correction is over.

Fib- The crypto reversed just shy away from the 59K which is the confluence zone on the chart.

Trendline- the same area is also supported with a trendline. Hence the zone is a strong strong support.

Oscillators- All the oscillators are at support. This is yet another indication of strength.

Bar - the daily chart is showing a railway track which is a directional signal.

Capitulation- the huge volume on the bottom is indicating capitulation.

Conclusion- yesterday it was silver that bounced back strongly and bitcoin too which is indicating a reversal.

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