I don't believe the correction is over just yet. Take a look at the short vs longs ratio, shorts are at the lowest they've been in a long time where as a lot of them longs think they've got a free ride to the moon, unfortunately there is no free rides in crypo margin world. My guess is that we'll climb to ~$7000 and use the log trend line as resistance then we will pull back to the previous ATH and test the $5000 level.BITFINEX:BTCUSD
The past three corrections have all been from around 33-38% and are usually catalyzed by huge drama / FUD events. 28% from the ATH leaves me wondering if at least $5000 will be tested again. If price reaches 6800-7000 my stops are going to be adjusted with the expectation that the correction aint over yet.