Drop to 14k then long to 15.4-15.8
Looks like this latest bounce has run into resistance at 14.9k-15k. Thinking we make one more leg down to the 13.9-14k level. 14k was resistance so looking for that to turn to support. 14k level would be a .768 retrace from the last impulsive wave up and a .382 retrace of the larger overall move up. From there we'll probably move up back into the 15.4-15.8 resistance range. If this price action is confirmed, we can call that A and B corrective waves done and we'll be looking for another C wave down.
Remember bitcoin corrections take longer to play out than moves up, so be patient and let the price action play out. Don't stare at charts all day :)
Remember bitcoin corrections take longer to play out than moves up, so be patient and let the price action play out. Don't stare at charts all day :)
Penafian
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