Crypto market looks awesome. Q4 will be insane. The weekly candle closed as a strong bullish bounce-back candle with solid bullish reaction off the near-MA50 lows. I’d consider the mean reversion to be complete at this stage and – right or wrong – I’d not necessarily wait eagerly for another retest before a lift-off which may happen at any time in my opinion.
Just like always, it’s impossible to predict every single move with 100% accuracy and pinpoint exact price reversals, but provided that no FUD, unpredicted black swans like military conflicts, global economy crash, financial crisis, pandemic, etc. occur, the market should not see a deep retracement below its 50-week average and is rather expected to show off strength starting from October.