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

Updated

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.

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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.

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hit the key resistance level @ 13000$, next days will be crushial.. overall low Volume on the Market

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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.

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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.
cheers

Trade active

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.

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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

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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

Trade active

im ready to buy in again for around 6900$. If it drops further the 6000$ level should hold.

I have intel that news will come tomorrow to press Btc further down.

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6900$ = 200days Sma. importand level.

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we might have the correction endet around 7280$ btc, anyway i was happy to buy in many cheap alts today.

Trade active

Hello guys, Im starting my hunt for cheap altcoins as of today, I except 7100$ hold pretty strong.

Trade closed: target reached

So the hunt for cheap altcoins on 29.march.2018 turned out to be pretty good. im about 120% in gains.

Right now, im selling about 40% of my trading stack (thats around 30% of my whole Crypto investments) my core portfolio i wont touch as mentioned before.

looking forward for he 10k(200days moving average) and 11800 $ trendline.

sit back and be patient. dont fomo in for now guys

DanielDanield6

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