I'm now adding in MACD and candlesticks into my analytical process. The trend lines I drew in the December breakout were done after the fact. The ones near the top of the wave were done a couple days ago. From what I see now, Bitcoin is finally correcting from this major rally. If tomorrow is a bigger selloff, then I see three black crows signaling a bearish week ahead. Based on the fibs I drew, I see potential retraces to around 32K and 28K.
This is just me learning the ropes of trading. I want to see my progress, so this is FAR from signals/calls/financial advice.
Well...that was fast. I didn't expect such a quick drop to 32K but bam, it's sitting at 32k right now. My second target was a bit off...just under 27k, not 28k. That's where I think it's going next. Looks like all this studying and watching charts is starting to pay off...