Hello, There is an opportunity in Bitcoin now. The uptrend still has great momentum. The drop in prices was reversed quickly, a long wick printed on the daily chart. This long wick was also coupled with heavy volume. As you can see that last time volume was that heavy, bitcoin was at a local bottom. Price is also showing a flag pattern that retested a previously broken trend line. This pattern has broken out aggressively giving us a good buy signal.
Target is the inverse 1.618 extension. The heavy volume tells me that large buyers bought this dip and will now begin pushing prices again.