Good support found around the .618 fib retracement of 27/12 -> 30/12 decline & the .236 fib retracement of the 17/12 -> 22/12 decline. Break down from channel could be a false breakout. A break of the RSI trend line could see a pick up in bullish momentum Could be the beginning of the 3rd wave in an elliot trend starting from 22/12 bottom.
I remain bullish but I can see the bears have some interesting analysis too at the moment. Support at 12.7 appears to be holding so far...
FibnFork
⋅
@tigerpause, These candles on the 4H chart look promising for bulls. Need the RSI to be broken
tigerpause
⋅
@Chalfie24, Agreed. The trendline that was holding down price from 20k (intersects with the high at 16.8) was broken today, presumably at the same time as one of the larger charts broached a key rsi level (50?). It's looking strong to my mind.