Correction not over... btc would have to break above 10k and then the red 0.5 Fibonacci line to call it a day, but it's hovering around the Fibonacci 0.618 which gives it support at 8500. The volume is still low, the bounce at 7600 had been predicted and was caused by buy orders in that region, which were likely part of laddered orders the next level of which may be found below 7000 this time, others as low as 6000. Then again, we now have a strong downtrend line (dotted) and nothing says that btc can't break out of the triangle - upwards I mean, it's about time... but there's the low volume and the MacD does not yet show a crossover - the last one failed. Best to keep an eye open over the weekend, or have a slave watch the computer 24/7, as stop loss orders may well be triggered by some hunting action - institutions lurking ;)
