BTC - retest of 7k then down to 4500

Updated

We had a nice bounce, as we always do after these corrections from all time highs. However, I don't think we're out of the woods yet. Everyone is looking at the 5k zone, and this has caused me to rethink this as an area of support. I generally find that the market will always go higher and lower than the vast majority of people think. In this instance, I believe that because everyone is looking at 5k as an area of support, we will most likely probe a little bit lower into the liquidity pool, before we find true support there. During that probe is where I will look to buy, at around 4500-4800.

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I'm looking to open a small long if we find support around 6150, plan to ride it to 7k

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Still looking good for 7k restest

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getting there

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Now waiting on correction

UnknownUnicorn897809

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