It seems the "battle" is fought between the 0.5 and 0.382 Fib levels at $10200 and $12400 respectively. A close above any will most likely trigger a small up movement. Let`s see
After lingering for a while around the $13k mark, it seems we are ready for another leg down:
- 5 minutes chart shows bearish divergence in a triangle down-trend.
Ok, so I did a little more adjustments on the levels; it seems we need to count them from the 14th of September - remember the China ban - the $3000 mark. So, it seems the .5 Fib level was the one that managed to bounce back the price all the way past the next one .38 and to "park" it for the weekend. Strong support this level, $13300.
just waiting for the real consolidation to begin. i think BTC will bounce off $10k and make a run for $30k..... then I will be putting in limit purchases at $8k, $5k, and a huge one at $1k (just in case).