Head and shoulders pattern caused a heavy correction, but target price have been reached.
Combine that with the bounce over the 120k sats support and the .786 fib retracement, and we already have solid basics for stating the correction's end.
Downtrend can't be defined over yet though, as both price and momentum are still pointing downwards.
Remember also the BTC fork chaos going on.
I'd place a little buy order between 130 and 140k satoshis though, profits will roll once downtrend stops.
Combine that with the bounce over the 120k sats support and the .786 fib retracement, and we already have solid basics for stating the correction's end.
Downtrend can't be defined over yet though, as both price and momentum are still pointing downwards.
Remember also the BTC fork chaos going on.
I'd place a little buy order between 130 and 140k satoshis though, profits will roll once downtrend stops.