As BTC makes it way down the 9s, it will meet resistance at 9.4-9.6k. Ideally we would see a bit of a bounce here before retesting it and letting the bears have their way. The number we want to be working down towards is 8.9k and this is for 2 reasons:
1. This is where the .500 fib retracement is from the 2 week bull run
2. This is where the right shoulder of a head and shoulder pattern would form which started all the way back in early Jan
Credit on the goes to @krototar who posted about this a week ago. Whilst it isn't a slam dunk, the fact it matches very close to the 50% retrace gives me confidence that we could see the market bounce there in the next 3/4 days. I'm afraid you may bleed in the meantime, but this is where you learn!
Ready yourself for those buy orders if we get confirmation of a bounce on Sunday/Monday!