Please note that short on correction is not a good idea. This is my third try to find the point of correction, but I don't close any of my long positions. I am looking for correction only to make new longs.
Do not be greedy. Step out on 18000 - 20000. In case of breaking up, you will have enough time to jump in. But in case of orange scenario, you will loose the whole year. Bear trap is also possible. Good luck
1. After big fall bitcoin corrected from ~8000 to ~12,000 (0.618 fibo).
2. Volume of last candles is too small.
3. We came to the top border of downward channel.
4. Chart formed rising wedge, reversal figure.