Last night I opened a long position at 3666, because I believe in numbers (also per my TA). When I woke up, I chickened out....yes, unfortunately I do that (noob).
My careful analysis said, there was another opportunity to open long at 3674-3676.
From here, I expect a heavy resistance at around 3804, where we might retrace to 3688 (sometime between today and...
There are different ways to looks at it. Yes, it went down on high volume and broke "the channel" (depending how you draw it). But I would be very cautious to go short here, BTC is known to bart up...Atm to me it looks like it's curling up...It is still a "chopper" in my view...if anything, I would go long if it closes above that black line (at a retest).
When in doubt, do not trade. Bullish div on RSI put my previous draft in doubt (still my fav though - yellow line). If MacD crosses here, I'd consider red or blue version. The next 2 4 hrs candles should tell us, which one will play.
Not a financial advice.
Analyzing previous BTC -1.20% bubbles and using Wolfe wave strategy, I believe THE bottom will be around 2.5 end of January - beginning of February 2019. Timing is of course not certain, cause from experience we can go sideways for days.
I just realized, that 6.5 top touched the border of a big triangle and of the smaller channel. BTC -0.15% feels -4.71% and looks weak at this time. Considering all, now I am thinking, that was THE last top. Meaning we might not have anymore proper bounces until 5k region.