looks a bit tired. BTC may need a rest before challenging $50k.
Note
... maybe after striking $20,000 ! ha ha this thing is inexhaustable !Note
still volume is tapering off. 4 days of below average volume. might be putting in a blow off top here (blowing out the channel before correction begins)Note
my guess is if you lay a fibonnaci over this we would retrace to 9k, and since 9k is psychologically going to trigger more selling under 10k, we might end up at a test of $5,000. Good support at the 5k level. just my guess as to how this will shake out.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.