Uptrend still in play, about to make a new leg or a correction

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
1107 7 14
Don't be fooled by the bears, we are still above the kijun of the daily cloud and above the trendline . We are in this uptrend from mid-january.

We are above a small trendline that suggest a new leg up coming today or tommorow.

But we can also correct to the major trendline in the 255-262 area, that could be a perfect place to buy in with a stop loss below the trendline .

To be fair with the bears I also tried to predict the possibles paths in case the major trendline will break down.

Right now the most probable path in my opinion is the "A" one.
As an Ichimoku expert would highly recommend you increase the Line Size on your Senkou B rather than your Senkou A and begin to pay attention to it's significance in Support and Resistance.
are you a bear in a moon suit?
LeMogwai Douglas-Squirrel
yup ! Wanna be the first bear to short the moon :)
awesome, what is your 1st target for shorting the moon? or would that be the 1st asteroid on the way to the moon?
LeMogwai Douglas-Squirrel
if we break the trendline that lead to "C" & "D" or once we hit the upper trendline at "A" or "B" :)
is the upper trendline the long term downtrend line (log)?
LeMogwai Douglas-Squirrel
absolutely :)
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