BTC correction?

13 באפר׳ 2020

IF this is in fact a local top, which is very likely, BTC might be looking to respect it's fib retracement, as it has done many times in the past. Two things I'll be looking for to signal a continuation downward, is a close below both the 6628 as well as the 21 daily EMA. If those levels break, IN MY OPINION, it is likely we visit at least the golden pocket area at about the 0.65-0.618 fib levels, if not the 0.789 which is a very strong buy zone. If we do continue to break down, I will look for some sort of bullish div on the daily time frame to hint towards a leg up, or a slow grind into the halving. Either way, I do believe at these prices, dollar cost averaging in on a spot exchange is a very good way to accumulate for what may be to come in the next few months for BTC.