Option 2 (the more realistic) it's only ready to make an correction after this big impulse upmove from the 6K low. It's guessing to where it could go, 8K, 9K or just staying above the 10K and making a correction mostly in time. For the bull engine to stay intact i think it should never drop below the 9000 anymore, but thats my feeling now.
Thing is, several important alt coins say it's 100% guarantee we will go down (look at my other charts like BCH, XRP, ETH, EOS). I have been mentioning this a few days now, that it really bothered me, they say down while BTC says up. Think now we have our answer
I have started to build up a big short position, i think the top for this retrace from the big drop yesterday is probably set
For the ones who want me to continue to update, make an effort to increase the likes and followers. The last time i requested this it worked, i would appreciate if you would do it again. You can all see how much time and effort i put into here, with the many updates and trading ideas. I just dont have the time and energy to do it myself
Free Public Telegram, broke the 5.000 level of members https://t.me/botje11