If BTC were only as bullish as 2017, it would have corrected hard twice on the weekly. The movement more reflects 2013, which was a different time and market cap, but didn't show a hard correction until it had mad a higher high. A 2017 interpretation would have it correcting toward the higher MAs like the 20 week or 200 day a couple times by now, but this is not the case. Anything is possible in crypto as all traders have come to know. A safe play is to hodl through the mixed signals, as this is an extremely radical time. Exact fractal replay would be somewhat like 12K -> 10K -> 30K, but this outcome is obviously deemed inconsiderable until confirmation. This would be an abridged bull run, with a major crash starting in 2020 and lasting until 2021. Mainly, this is uncharted territory due to the unprecedented bullishness, and conceptions about 10K, 20K, and 6K are all out the window until the market shows its intention. A new paradigm could emerge while it goes sideways for 6 months for the same reasons, but the main point is this is far out of the ordinary and extreme caution is appropriate.
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Managed to push past 8K but started to show weakness, with a quick rejection starting at 9K. I pulled out around 8950 for a bit to see the market’s hand
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dropped to 8200 after a massive 4H engulfing. Still waiting in fiat until there’s a decent period of sideways or a stronger recovery, because this is a different market from 12H ago