Bear Trend has not ended. Shorttearm corrections will happen. I expect recent pullback to go on. However non of these will take us above 7k. The Low is probably not in. This is a very possible scenario I will keep an eye on.
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210 Weekly avarage should hold only after catipulation. We will go below it first. Volume is not there to end the beartrend. The weekly RSI should spend more time in the oversold area.
This is exactly what I believe we have in store. There has been no capitulation. No massive volume downward event.
PoupeBitcoin
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Bitcoin finds historical support ...
There may be trend reversal, however considering Elliot Tops 1 and 3 may correct up to the level of $ 1830 wave 4, with long term target of 80/100k wave 5 ...