Be aware that @haejin is very fond of painting up-waves in almost all charts he is posting.
The only thing that is sure................BTC can go both ways but still is very very very bearish. @haejin always calls bearish a healthy correction. He started doing this after the first downward from $ 19,000 to $ 15,000 and kept continuing in doing so.
Well, let me say this: "From $ 19,000.-- to $ 6,050.-- is NOT a healthy correction, IT'S A MAJOR DROPDOWN.
As we all know in an uptrent BTC can go down a little and in a downtrent BTC can go up a little. At this moment BTC is going up and it's impossible to say if it continues going up or that it is just a "correction" on a downtrend. So once this "correction" has been done, the downtrend continues.
Since BTC still is in a downtrend, in my opinion it still is going to continue it's downtrend after this "correction." A much more informative chart would show you an uptrend and a downtrend!
Funny how -18 BS downvotes you.
It seems winnieoriana "account does not exist"! Tried replying and got that message.
lmao the irony
BTC comes from 5k$-8k$ to 20k$, of course a dip to 5-6k$ is a healthy correction, dropping to less than 1k$ will be a major dropdown, but here we are still in a very deep but still healthy correction imo
Time will tell anyway.
Having cash at these times are paramount. Cash is raised during the good times.