Just a thought of mine while everyone is busy panicking. This could be a textbook breakout & re-test.
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Last 25% added at varying points from 30k to now
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3-day chart shows this re-test much clearer, here is an updated chart
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Updated with more recent PA, looks like we've re-tested the lower 30k region to confirm support. Will be watching for a lower low below the previous breakout range before I consider changing my bullish stance
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This chart idea is still intact, PA overshot my initial targets however, Here is a new idea posted on the 3-day TF
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Another Idea for BTC has been posted:
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New Idea:
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Scary near-perfect rejection from that 0.382
^closer view
^Same fib but low time-frame
^closer view
^Same fib but low time-frame
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