BTC correction is well overdue. Right when everyone is thinking BTC is going straight to 1000 and every pullback is bough is when the correction will start. Here are a few things to watch for:
1. Volume on the last pullback was big 2. MACD is crossing down 3. RSI negative divergence 4. Look for a lower high and then a lower low for confirmation
Nice try kid! You are literally fu***d hahah! Price going straight to 1k!
XNIE
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Looks like the last triangle broke to the downside, but the chinese are still giving much resistance. I hope it will come down all the way to 640. What are the signals to buy again?
CryptoAddict77
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I will let you know when I see them :-)
XNIE
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Thanks. Do you still think it will go down? Because it corrected itself all the way up again.. I got myself into the hype and did short ''some'' more @663... Luckily I also shortened @703 to compensate that.
CryptoAddict77
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I would suggest you use stop orders so you don't get caught. I do think the correction is not over, but it could always go the other way. This markets are very unpredictable.
XNIE
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Yes, or I might be closing at the next low, it is rising further now..
I hope there will be a panic soon
monir3070
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more rally is coming ahead. buy only.>$1000 very soon.
CryptoAddict77
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Another lost soul. My chart is for the immediate short term. I am not talking about what will happen next month or next year.
MrWhisper
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This is playing out well. Thank you for your idea :)