Potential BTC correction 30% gain on way (Poloniex)

BTC needs to cross up the uptrend line (2016-2018) to make a correction in this bear market.

Prepare to enter long when the price crosses up the historical uptrend line.

Profit target: intersection between 2018 downtrend line and historical uptrend line zone = 5200-5250

Good luck

Note

This moment is crucial double bottom in BTC, but no reaction yet, maybe later in middle of the night when less traders are active in America.

A temporal trade is enter long now (3800) and take a profit (10%) close to the historical uptrend around 4200.
To reduce risk make a SL in 3600

Note

This major battle want to extend to November 30th maybe the bulls will accept a capitulation, but it's unlikely that the price is low for many days. The miners need cash to pay services and electrical bills, reduction in the difficulty of mining is not enough. 3800 is the price for the BTC miners in China to have a small profit using Antminer S9 and newer ASICs machines.

Trade closed: target reached

First Target reached 4250 take a profit.

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