Bitcoin's back in yawn mode? I talked yesterday in my live stream that if we didn't close yesterday's daily candle or today's daily candle up at the .618 retracement that we'd be looking at drifting further down. We can see here that the bears are still in control, as we start edging closer back down to yesterday's low. Looking here at the weekly chart we're still trading inside the weekly bars. A break down below 6027 would indicate lower movement down on the weekly as we then look towards 5777 as a potential support point. We're also coming close to our EMA100 on the weekly time frame, which we have never traded below. Right now it's at 5720, so as I talked about in my post yesterday buy/longs set in the white box area to catch a potential stop loss hunt is the best strategy moving forward to take advantage of a panic sell capitulation event.
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