I want to say bottoms in but really can't, all prior corrections have corrected around 84-86%.
Now that doesn't mean 77% correction isn't possible as this is BTC and anything is possible.
But seems like there is much confluence around $10,000 and a push here to $25k would need to keep running in order to invalidate my analysis.
Seems more probable that $24-$26K holds the B wave move and we get a final nuke to $10,000 to finish up this part of the correction.
Looking at weekly, 3D stoch rsi and we see that BTC has hit overbought while struggling to break $22k and flip $20K into support.
Monthly stoch rsi very oversold, but the longer is remains oversold the weaker the move up into overbought can be.
But I think while BTC stays flat to up and finishes working out the Wave B here that many altcoins can pump.
So for now jury is out on bottoms in callers IMO.
Now that doesn't mean 77% correction isn't possible as this is BTC and anything is possible.
But seems like there is much confluence around $10,000 and a push here to $25k would need to keep running in order to invalidate my analysis.
Seems more probable that $24-$26K holds the B wave move and we get a final nuke to $10,000 to finish up this part of the correction.
Looking at weekly, 3D stoch rsi and we see that BTC has hit overbought while struggling to break $22k and flip $20K into support.
Monthly stoch rsi very oversold, but the longer is remains oversold the weaker the move up into overbought can be.
But I think while BTC stays flat to up and finishes working out the Wave B here that many altcoins can pump.
So for now jury is out on bottoms in callers IMO.