So we're looking like we are priming for a possible run for the upper channel resistance, to see if we can breakout and test 9k, but at the moment it's looking pretty likely we're going to come down and test the lower support line.
Green box is an area of prevous price action, so I'm expecting a lot of sideways movement from here for a while. I'm buying down, unless we breach 8k, we're heading to 7.5k and unfortunately the bull market is looking distant again.
The next couple of days are going to be crucial here, and there will be lots of day trading opportunities with BTC and other alts, so pucker up!
On a smaller time frame, I'm looking for a slightly truncated 5th wave, to bounce off the trend line support. This is going to be critical. Stay tuned.