After a week of whale action, artificial alt pumps and a confirmed inverse BTC head and shoulders... BTC is not looking that great. All the indicators for now look like we might go down to the lower red fib (support). What happens there is anyones guess. I sold some BTC and will rebuy on the support. Fingers crossed off course for this support. If we break it we might retest the 6K. Somewhere I hope we do so more people in the market get another chance to buy low. I would assume we would sky rocket after that. Stay tuned.
IMO, BTC needs to hold above the 10200 lvl. If it does go lower this recent dip is more than just a correction but till we break 10200 im not too pessimistic. Looking at the log chart, we can see that BTC touched the downtrend line and was unable to break it, so a correction/pullback was in order to gather new power for another attempt.
Bullissimo
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@Bullissimo, But i do admit that the low volume is a bit of a concern. BTC/crypto needs to become popular again...