BTC USD Correction not endet, Better wait on the sideline ATM.

BITSTAMP:BTCUSD   Bitcoin / Dollar
811 4 6
Based on the previous trend, we're currently bouncing back from the 100 Moving average support (9000$), from the looks of the RSI we will retest the 13000$ resistance (previous support) before confirmation, bear or bull. But im afraid we`re living in a Bearish Head and Shoulder pattern. the MA 200 support = if BTC             falls again, the 6000-6900$ will act as major support, a significant long position can be considered here.
Kommentar: by the way, if you didnt notice yet -> BTC -5% Altcoins stays strong, BTC - 10% some strong altcoins remain strong while other fall, if BTC dumps 25% -> ALL Altcoins - 40%, doenst matter if fork, free coins, major news coming out or ICO platform, bcuz BTC still KING. i recommend to keep this in mind.
Kommentar: hit the key resistance level @ 13000$, next days will be crushial.. overall low Volume on the Market
Kommentar: as foreseen, we sold 40% of our Altcoin position when BTC hit 12900$, i'm waiting patiently on the sideline, rebuy 25% when BTC test the 9000$ level and the rest we wait if BTC test the MA 200 support zone at 6500-7500$ range.

60% of our portfolio we dont touch, because we're still LONG in the longterm.
Kommentar: You still with me here? The trade is still active, for those who sold at 13k btc, congrats you were free to add to your stack during 8200$ range.

Prepare for a bounce testing the 10650-12000 range.

folks thats your last chance selling before we go 5-6k btc.
Trade ist aktiv: Positioning my first buy order at round 5800$, note: i will sell as soon as btc over 8000$.
BTC will still go lower, it needs to double test the bottom before we got really confirmation of the BOTTOM, this will take TIme (up to 2 months)

The Volume, The Volume is the key factor to watch. we still need a bottoming volume! around 3000-5000$ is a good accumulation range.
Kommentar: why i choose 5800? simple, the Simple moving average 200 days lies below.

can bounce up to 50% up from there.

Also NOTE, in 2013 correction we went down 40-50% down from the SMA 200 , MA 200!
thats how i come up with 3k-5k
Note2: -20% fib 0.236 is a perfect buy range, 2,5k to 3,5k
Kommentar: Get ready for the last wave down.
The price will level out end of februar - Mid March.
Expect the correction to be over starting april
Btw, when do you expect it will start falling down? (max price before dump starts) Just asking because I am thinking on cashing out my portfolio, which is currently in cca. minus 30% ....than wait for the big dip, rebuy, so I could compensate my loss. This plan tsounds good...but it is also risky since I can never know if the last dip will really happen. So confused :)
@adama0110, For your information, this is not a financial advise - you have to take action based on your assumptions!

Anyway, to answer your question, I expect BTC starting to retrace around 11950$, I could be wrong, but the probability is very high it will begin to fall from this area.

If im wrong about the last wave and BTC goes above 14000$ im more than happy to rebuy at this range, this means we're clearly out of the woods.

So taking profit is never a bad idea, unfortunately in your case minimize your looses (i would sell 30-40% at most). Alot of us bought when btc was around 4000 $, some would consider sell and rebuy later when its more safe:)

THE BIGGER picture is, im still very very bullish longterm, i see btc in 2 years around 50.000 USD easily.
adama0110 DanielDanield6
@DanielDanield6, thank you for your answer! I really appreciate it.
Thanks for keeping your idea up to date!
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