Unconvincing price action and Volume on BTC makes me think that we have one more leg down (although I dont have any SHORT position).
I would be looking to long BTC at around 7650-7750$ which is .618 fib extension from the recent rally up to the 10k peak.
During the recent correction (which started at 9700$) I had several expectations, most of them were not met (aka ABCDE).
One more theory that I have is 3-3-3 correction.
I will be looking to long this around 8500$.
I believe we will hit around 14.5k - 15k after todays drop (12.8K), then we could go to 61.8% fib level (10950 USD) which will serve as a new support at which if it holds we will most likely see sharp move up (and consider this to be end of correction phase).
