The first correction landed exactly on the 0.5 fib retracement level, we currently waiting for confirmation of an upwards or downwards move at the 0.236 level. Pay attention the next week will determine the fate of BTC. If you enjoy my work please leave a like, comment and follow me for more.
As a trader, I have been trained to see things in probabilities because nobody can tell the future but over years through Technical Analysis and learning to trust my gut, I found that I can find the most probable outcomes with an 80% certainty. If you appreciate my analysis and would like to see more please give me a like, follow my page and I will keep you posted...
This is the most probable outcome in my opinion, if you want more analysis please gimmie a like and follow my work.
In case you couldn't tell this is sarcasm and unfortunately, the average Bitcoin investor sees this as a real possibility. If you ask me we might retest 9 k then have a major correction, as most of you know the market likes to punish those who buy the tops be careful with longs at this price range and do me a favor gimmie a like and follow me for realistic market...
If I noticed this a lot of people did as well, meaning buyers will step in at this range. Good luck and remember stop losses are like condoms boring to put on, but you'll be glad you did in the future ;)