BTC we still in correction mode. Bitcoin have had a nice uptrend for few weeks now and look like BTC is out of gas and start to look like it is taking a break. Correction flag are form and i think btc will test again the 32.8% fibonacci level at strong support level around 6000 and test the 200MA level.
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Looking at the first weekly chart we now are seeing strong bear market coming near the end of 2019. As early chart show that we need this correction to play out and we will wait for that opportunity to buy. The two chart posted show 2 scenario that could happen. Price can drop 7000/7200 and slow form pattern or price can drop to the 6000 support testing the 200MA. Either way we wait till price hit that level and we buy. Im looking at 6000/6200 buy-limit in that ranch. Good Luck!