I believe the correction is not yet over.I'm expecting a reversal at $9000 and a pullback to $7500 or $6500 before the uptrend.breaking the trend line and closing above $9000 in day chart confirms the uptrend and there wont be any pullback in this case.
Trade ist aktiv:
Reversed at $9000 as expected
Moving to the target
Moving to the target
Trade ist aktiv:
Moving to $12000
Trade ist aktiv
Kommentar:
Pushed down by the resistance.
It will find support at $10000-$10500
It will find support at $10000-$10500
Kommentar:
BTC has a weak support at $9400.It might reverse from that level.But I believe it will reach the support at $8900
Kommentar:
As expected $9400served as a support.We had a short bounce there.Now it s going to be retested.I believe it will not hold.so prepare for the next move to $8900-$9000
Kommentar:
Double bottom at $9300..need to break the channel(green trend line) for reversal
Trade ist aktiv:
Crossed and tested
Kommentar:
There are many TA stating we are still in the corrective wave.To me correction was over long before when it crossed $8500(circled zone).
What we are seeing now is the retracement of the previous short rally.I strongly believe there will not be any pullback to $6000 and below any time soon.
What we are seeing now is the retracement of the previous short rally.I strongly believe there will not be any pullback to $6000 and below any time soon.
Kommentar:
This reversal was expected one but it was stopped at the junction of two strong resistances.Now it has to be held above the red line for further upward movement.
Trade ist aktiv:
It is now at the trend line.Hopefully it will go up
Kommentar:
Moving to previous high $11650
Trade ist aktiv:
Possible pullback to these support levels if fails to close above the red line
Kommentar:
Updated idea
Expecting a reversal at
$8000
$7500
or
$6500.
Reversal from these levels and crossing of the black trend line gives us uptrend confirmation