BTCUSD BITFINEX - This Happened Before

This move happened before. I posted this in a previous chart where we hit the weekly Bollinger Band median. What if this bounce here is just like the past where we get slammed down again? I'm not buying into this bull run until we see some clear reversal action or a hit off that line. You can throw all the fundamentals you want into this, but I think we were due for a correction to this level irrespective. 4800 seems to be a psychological level I think we would touch, so I'm extending the correction down that far.