Previously breakout of the 12k$ Horizontal Support will at least lead to the retest of the Lower Boundary of an Ascending Channel, which happened. Locally it should be a bottom as we got the majority of Longs got liquidated during the last 2 days (look chart above).
Technically it's a also a good point to retest, we are at the Support Cluster [11.650$ Horizontal Support + Lower Boundary of an Ascending Channel]. Nevertheless we have two work with a confirmed retracement.
so that means we are waiting for the Bounce since correction has already made(to my expectation) and with this our waiting is soon to be fulfilled ?
How much are we expecting this bounce mate?i can see that you have a good look in future prices.
As price is not stable for crypto currency like bitcoin. It can be up or down any time. But yes we can predict and conscious about it to protect our money from loses.
What we are talking now is a the next movement of Bitcoin since from $12,300 fell down to $11,400 but now slowly climbing to nearing $12k again.