$BTC The price hasn't reached last week's low (65,089)
If a rejection pattern is forming, the weekly candlestick's close should be at or above last week's opening (70,288)
The decline from 126k follows three waves
1st wave 126k-101k = 25
2nd wave 116k-80k = 36
3rd wave 97.9k-59.8k = 38
The price has fallen below the old all-time high
Open Interest is increasing as the price declines
All indications point to a high probability of an upward rebound
A new long has been opened
Target - we'll likely see levels above the start of the third leg
I expect the upward movement won't be as rapid as we saw last year
I'll scale profits, increase and decrease the position, and move the stop depending on conditions