cristian-ruiz
Long

Bitcoin - End of Big Correction

COINBASE:BTCEUR   Bitcoin / Euro
After advertising of the big correction in December (here below) :
I'm expecting now the end of the correction.
Indeed, after two cycles of 35d (35d up/ 35d down) we are now reaching the main basic uptrend (Orange arrow line). So, we should rebound in the 1st circle orange zone around 8200 EUR and follow then the Fib. Retracement (0.5 and then 0.382). Good time to take position here.

If the main basic uptrend (Orange arrow line) is broken out, then i expect the rebound to happens in the 2nd circle orange zone around 6000 EUR (in one month).

Good luck guys!
Trade active
Trade active
Trade active
Trade active: Testing again the main uptrend 8'200 EUR. If the breakout happens 6'000 EUR will be the next target.
Trade active: breakout happens. 6'000-6'500 Next target zone
Trade active: We touch the 6'000 EUR once.
Trade active
Trade active: We are entering in the 2nd rebound zone 6'000-6'500 EUR.
Trade active: Rebound seems to happen now in the expected zone. I will consider to buy.
Daily (RSI broken out the resistance started 07.12.2017 , STOCH RSI crossed up the 20% limit the 07.02.2018 , the resistance level started the 07.01.2018 is breaking out, volume is going up) ==> Perfect one month cycles
Weekly to confirm at the end of the week-end (RSI is breaking out the resistance started the 11.12.2017 and STOCH RSI, the K line is crossing up the D line at 0.3%/100%, volume is going up )
Trade active: As expected by indicators the 10th we are now after the rebound, next target 8'200 EUR. Good luck guys!
Trade active
Trade active: Testing the 8'200 EUR. if we break out, next target is 9600 EUR. (most probably scenario).
If not we should come back to 6800 - 7'000 EUR
Trade active: 8200 EUR breaked out.
Next checkpoint 9000 EUR before trying to reach 9'600 EUR.
Trade active
Trade active: So, we reach 9'000 EUR as expected. Most probably scenario now is 10'000 EUR.
9'600 EUR will be the pivot point that validate the scenario.
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