Short term rise and mid term fall!!As you see my early idea, my target is around 7.2k. Yet in hourly we saw a trend reversal which may lead to 9.3k. But in daily MACD shows that price fall just started. However with these times we might see panic selling to 6k and make a daily chart double buttom which is a really good trend reversal and bullish movement. But for the short term we are in bear market and seeing bear market moves. Don't get caught with small price increases.
Overall I changed my fib levels to latest trend change and now seeing that we 1.618 and 2.618. I doubt we will see 2.618 level.
Afterall, Mt. Gox trustee still would sell a huge amount and we see fast and harsh price movements which makes deciding time zones really hard. Roughly we might see that kind of movemnts.
Personally I am still in USD and waiting to buy back BTC at 7.2k and keep some usd for the probabaility of seeng 6.3 and 5k, and right after that I will go for high volume established Altcoins to increase my BTC furthermore.
Have good trades and day!
(This is not investment recommendation. I do not manage others money. This is only for educational reasons.
