Is this just a normal correction?

Yesterday this movement was already announced in the charts and today we are experiencing a sharp correction. With around 15% in the red, we are part of it today. When everyone is in the same boat, this is only normal and many weak hands have to leave the market. However, a correction always offers opportunities and we are now waiting for them. Simply reaching into the falling knife is very dangerous and a risk even for day traders.

We may form a shoulder head shoulder formation 🤔

The downward movement is very sharp and shows some downward pressure. Maybe the bulls will manage to form a V formation again, where the upside is just as strong as the downside is now.
As soon as we see a stabilisation, the picture becomes clearer and another chance for a trade becomes possible again.

Source: (Guidants/Godmode Trader) & JFD Broker & Binance

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