I was expecting a pullback to .382/.618 confluence but instead we got a VERY weak bounce that did not even come close.
We are now in the 3K range, a range I did not expect to see without a pullback first.
Therefore, when the pullback occurs, the pivot high from that move will be the launch point for the move lower... likely into the 2K range.
It comes to this: BTC cannot move up until all of the voices in the chat rooms stop calling for the bottom. There must be absolute despair across the board. When that happens THEN buy... BTC will likely be 1500 to 2500 when that occurs.