Fundamentals point to BTC accumulation below 14000 levels while sentiment on Twitter + Coinbase implementing Segwit + lower TX (network) fees are helping BTC accumulate. These factors point to the lack of a confident move below 14k , hence supporting this chart. The chart does not have fibs, which I'm reserving for my next chart.
Kind sir here : pointed out that this looks like a Wyckoff accumulation, and I'm glad to say that the rest of traditional TA agrees.
A move to 8000 was always unlikely in my mind, and is ruled out unless we attempt 12600 again. Some FUD could take us there but consolidation over the last two days suggests that this is the support level/accumulation zone/bottom now.
P.s. I trade live and chat exclusively at OneX Capital, which is a beautiful community that combines 90% shitposting with 10% extremely reliable TA : https://discord.gg/QAbUzM