SEEMS TOO EARLY TO MAKE A CALL!!

I hope every body entered their position as we stated on the previous analysis. It was a good buy and we met our sell target, which was at 50 ema with a cation that if we pass 50 ema we would rally even more, which actually happened.Now we pull back to 50 EMA and 50 EMA is acting as support. At this point I see lot of people see this pull back from 13.8k to 9.7k as a correction, since we met the fib levels and bounced right back up from 200 EMA and 50 EMA holding the support. This is a valid statement . However when we look at the chart we see that wee are making lower highs and a lower low.So at this point it is it is too early to make a call and say this was just a correction and we are going to continue to rally. Until we make a higher high i do not believe the correction is complete.It is likely for 50 EMA to hold for us to rally higher. However I wouldn't enter a "new" position at this point. We need to see higher high. The other case is that, we might touch 200 EMA once again. If it holds I believe we will go up from there. If not we could see a big fall from there to low 7k levels. lets see how it plays out. As all ways just a thought not an advice.

Previous analysis:

Just a small not,I am saying all of this with tether recently being printed in mind. =)