This is my idea of how this currect correction is going to play out. If you watch the history of bitcoin you see clear returning patterns after a resistance breakthrough. If we try to estimate the repeating pattern to the now active correction we see that we still have some time to spend in a downwards motion. It will pick up once again if the correction is done.
most important part of this idea of mine is : Dont Panic!
**Legal bullcrap**: This is only my opinion, make of it what you wish. it's not advice or recommedation to buy or sell anything! Its only meant as a informative or entertainment purposes only.
Thank You. I always find interesting how everyone thinks the market is pattern. Who knows. If everyone gonna wait for 8000 now this will be bought up very quick right ? So many opinions, wishes, emotions world wide. Crazy market. I really wonder wether the bearish 8000 theory i hear from so many places will come true :). Interesting times.