Can see scenario where daily 50 MA and 200 MA meet as BTC does it's final find-a-bottom retest and establish as solid base in perhaps late Feb/March... no death cross... just a base and on to new highs.
The 50 MA (pink) will move down to meet 200 MA (red), but instead of death cross, we get a solid support touch at the same time BTC is finding it's new bottom support and then we establish the final base. Perhaps late Feb/Early March at latest? ... but could go to april. No one knows. we could also go to test ATH first... and then retrace... this is just a guestimate based on our past experience and thinking what sentiment was like at the $3000 to $1800 last drop (see circled area on left). Think back to how you felt and what media/others were saying back then and how it played out.
Also more importantly we have a monthly TDSA 9 perfect sell in Nov on Tone Vay's indictor and this month on Wall's Street's indicator so that means except a 1-4 month pullback.
This time it's different than 2013 because both PBT (parablic bubble runs) lasted 1/3 the time (think 60 days instead of 180 days for BTC now) and went up almost twice as far as now. Thus the 87% retracement. That's why this time we should only see up to a max 67% retracement. This aligns very well with 200 MA and previous trendline support of blue value channel.
Thank you very much for your excellent work, Sir. I really appreciate it. You are one of the best on tradingview ;-)
Mausty
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So short term correction over? Can't have another short term down and hit your buy window from a few days ago? The volume and move haven't been that convincing to me.