Also, if we look at the weekly chart for BTC (below), we can see that the 55 is around $6K. BTC is currently well above the $6K mark and could potentially revert back to the mean. also shows signals which may be confirmed by a cross in the weeks to come. Please comment below and let me know your thoughts!
Here is an update for BTC's future price action. Don't buy into popular belief that the correction is complete.
It looks like we are entering another alt-coin cycle... Many alt-coins have bottomed out and are developing positive momentum. In the chart below, we can see that the RSI and Stoch RSI have both bottomed out, and the last wave of the Elliot correction wave sequence is completing. Also, the price has retraced roughly 82% of its peak value based on the Fibonacci sequence. Many alt-coins are showing this pattern, so picking almost anything will likely yield profit. Downside is limited in this trade, and I'd put a stop loss of 0.00002000 BTC.
I believed your chart from the beginning, send it to some people who were laughing, now 28 days later we're here, people are too 'bullish' for BTC and don't want to hear any different scenario.