Here is a post about the status quo. For everyone, for bears and bulls. For Hodler like me, the situation is nothing special. I am still bullish. But for everyone else, the info might be interesting.
So, where do we are? The key question is, was 69K our 5. If the support (yellow box) holds, then it was not the 5!
We are just at a very important support area that needs to hold: The Support line (down from the 3), the daily 350MA and the 0.236 from the Trend Based Fib. For such post I choose only the price line in the weekly chart. Here, all extreme movements are hidden.
If all the strong supports do not hold, then another correction around the red trend band (0.618x350MA) is possible. Currently, however, everything is still okay. The closing price of this week and next week are key. Lets cross our fingers! :-)
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Let's see what happens. Happy trading. :-)
BTCINVESTING
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My Post from Dec4: "BTCUSD: And another bad news for bears: buy the dip!"
My Post from Jun7: "BTCUSD: Another bad news for bears!"
My Post Apr 15, 2019 (2 year ago!). I was one of the first btw. ;-)