Updated

Bitcoin correction is not done

We are looking 4 hour chart. If you take look in short-term it might look the correction is done but when you take a look to the long-term charts you can see we are bottom in the long-term descending channel which means that on a short-term we are likely going to experience pull back somewhere between 11 000$ or 12 000$
Down-tredn will now slow for a while because we can't go below 30 in RSI on the daily chart. 200 SMA is also likely going to make resistance zone to Bitcoin.

I will post some short-term analyses below.
I hope you like this and before you do anything I want to say I am not a professional trader, I might be wrong and this isn't financial advice.
Comments and feedback are greatly appreciated, I will read and answer every comment because they are important to me :)

Note

In 15 minute chart, there are two resistance levels. We are likely going to break the lower one soon, which is marked with the blue arrow.

Note

25 and 50 SMA are now on our side, 15 and 30 min RSIs are making some resistance.

Note

BTC might drop to 7200$

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Another possibility

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50 SMA just created support level

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On a short-term 200 SMA just went to green for a first time in 4 days

Note

Correction.actually it has been on green few times but no more than 30 minutes so we should wait for a confirmation at least one hour.

Trade closed manually

Samppa290

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Samppa290