Long

BTC/USD small correction and then moon

Updated

Based on my analysis BTC will correct to around 4100 levels before taking off to new all time highs.

Note

I used the TD Setup and Countdown indicator which is showing a clear Sell Setup completed (green 9) and also a Sell Countdown completed (green 13) which means the bull trend is getting exhausted, you can already see the red candle starting at number 9 today. When this happens, you can expect a 3 or 4 day correction before the bullish trend resumes. I'm not saying this WILL happen but it seems like it will to me. I think the correction will find resistance around 4100 because it was a previous resistance level and also the 50 day moving average is around that level.

Note

Already at 4200 levels. Let's see if we get down to 4100 levels and then up again.

Note

4174 hit a moment ago. Let's see if it goes down a bit more today and tomorrow as predicted.

Note

Resistance at 4100 levels happened as predicted. Now going up as also predicted. Current price is around 4400, next resistance level should be around 4650. I predict it will go down a bit when meeting that level and then go up again to 5000 levels. Let's see how it plays out.

martin242

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.