After such sharp impulse I expect consolidation between 8900-9400$ . Holding this zone is good sign for following growth to 12 000$ and 14 000$ . Fall under 7600$ cancel positive and neutral scenarios.
Bitcoin now is in local down trend , but globally Bitcoin made huge and strong impulse and now it makes a correction . Correction is not so agressive , we have big volumes on it . So now price may form a higher low in the big trend . The 6k$ zone is a good point for higher low and as a buy price for big players. Going under 6k cancel positive scenarios .
LINK shows strength and good growth while market fell. The perfect buy point is after fixing above 3$ resistance, also breakout should be on great volume .
1st target is previous high
2nd target is 1.618 FIBOlvl
BTC has downtrend structure with lower highs and lows + trading under all main Moving Averages. So I dont recommend to take any longs while we under 200MA .Bitcoin dont show any positive signs for me at the moment so I project fall to the next supports . First target can be about 7500$ and 7000$.
Longs only after breakout of trend line and moving averages