Looking good and on track for a healthy correction to find support from the 200 Day MA. TD Sequential count got reset, but means very little for a 1-4 candle correction to support.



Totally possible the 200 MA doesn't hold and the $40K strong volume support gets re-tested, given the lack of buying or selling pressure in the market at present.

This would also be a healthy 25% retracement from local highs, after a 70%+ move to the upside in recent weeks, would be a bullish correction to the 0.718 fib level.



I wouldn't rule out a high volatility breakdown to $37-40K (0.382 to 0.5 local fibs and VPVR support), but given the bullish factors, it's much more likely to hold.