Wave X of the wave 2 correction seems to be completing. It went up further and faster than I expected which is a sign of strength. It was also a sign of worry as I am holding puts. Maybe I should not have done that and wait for a good long signal. Anyway, it's probably going to end well as we should be moving down soon, at least towards the horizontal brown line at 9050$; possibly a bit below.

The 21 simple and exponential weekly moving averages are now at 8137$ and 8690$ respectively. So, if the 21 weekly moving average is going to contain this uptrend as in previous times, then the downside potential is diminishing.

The Renko traditional (250$) thinks we're up already.

The Renko ATR(100) doesn't agree.

It's often a good idea to check the Huobi10 for confirmation. Also now, as I find this chart clearer than bitcoin. We should be going down, just below wave W so we can hit the 61.8% fibonacci target.