For anyone it is a secret that the crypto market has gone through difficult days in recent weeks, but everyone expects this to improve soon, the main cryptocurrencies are in an obvious correction and their main exponents (Bitcoin) is not the exception.

Today morning has been touched a new support bullish (yellow bar) that could or not continue, all expect bounce and fence up in a bullish channel established by the second yellow bar that is parallel to this.

It is also prudent to say that if you do not bounce in the "Yellow" bullish support you could be going down even more to touch the "Red" bullish bar that you have been following since $ 5,000 USD, this being the case, not everything is bad news just we must wait for his behavior in the next few hours to know what direction he has taken and be able to buy with certainty.

My personal opinion:

That is, if we analyze the EMA 200 candles by Fibonacci sequence, it is time for the Bitcoin to be above EMA 200, and this would imply a strong correction. It is prudent of me to say that this correction would not be in the short term than what I expected two or three months to see the improvement.

As I always say, Do not invest or do the type of trade if you think you need the money in a short time interval, Do not withdraw from the investment to see that it goes down in this market there is have nerves of steel.

Disclaimer legal, I am not a financial advisor, do your own due diligence when investing in cryptocurrencies. This is just my speculative opinion.