This correction was much needed for an overbought market, yet we are growing still. Soon to 10k, 11.8k, 14k then up. Trend channel shows the minimum bottom green channel line will reach 50k by end of 2018.
red line is .5 on the fib, also a MASSIVE resistance zone. It is the previous high on the down channel. The purple strikes are a inverse H&S, be aware that if thats true, then it will most likely start to rise up to an extension zone in the 16k area. (I think this analysis is better than the current harmonics and triangle) Reasons why for 16k? the current fib...
I marked with blue arrows double bottom which was quite a significant level to enter the market. Around 30k there is strong support/ressistance area which is playing important role on the chat. This level was breached today and open possibility to go up to 50k in near future. Pair is finally trading above 200ema which is also suggesting bullish trend. I think...