BTC looks to be in a symmetrical triangle which is usually a trend continuation pattern. There is a chance we break out of it on the upside, but we more than likely will break down. If we do go down, things will get interesting because we would then be below the 0.618 fib, which is not a good sign. Because of this fact, a part of me thinks we might find support here and break to the upside. Time will tell.
@Cryptolover333, Its the first time we have left this triangle so I doubt it. I cant see many people looking at this and thinking, lets buy the dip. But watch the opposite happen now:)
brandoncaddowyoung
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@Cryptolover333, Big chance 32k is strong support. That's the 0.618 fib for gods sake!