BTC Bitcoin.The 1200-1500 level is a lot closer than you think.

Looking at a weekly time frame, I am noticing a lot of bear candles. Normally this will indicate a strong downtrend, but I can see a bounce happening soon to the low 4k level (maybe even mid 5k level if this ponzi gets enough strength for a rally, once it hits the 2.8k support. Otherwise, if the trend keeps with a strong downtrend momentum, I can see 1k levels. This could actually signal capitulation if BTC starts selling off strong in this zone. But I am not holding my breath for that. Big guys will definitely be accumulation between the 1-3k levels.