Bitcoin possibility of correction until mid feb

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi I'm hardboiled from korea.

This is another short scenario for bitcoin .

1. RSI level for bitcoin 1D chart can go more lower

2. ETH chart can be serve as indicator of bitcoin chart

"the finale of bitcoin's correction = 1D RSI touching some point" in past if you see the black circle at bottom.

currently bitcoin and etherium(including all alts) are moving same direction. so If the hypothesis that this movement correlation will be for a while holds, the fact that etherium can correct to below 700 dollar level tells us bitcoin can also correct to 8k zone in next few weeks.

maybe best time to buy bitcoin in good price could be at around mid feb according to rumors. let's wait and see if it's right.

now bitcoin is trying to move upward within consolidating tringle.

So now is really important moment, whether to decide bitcoin would go up over 13~14k or go straight to 8k

I'm going to wait see. when confident about the movement, let's be brave

when your mind struggle between two different roads, middle is always the best.

good luck

ETH chart correction possibility

Comment: I prefer to have multiple scenario in my mind and actively react to market. so this is one possibility.

I also agree on other traders if current price break resistance upward, It can go to 13~14k level in near term.

reacting properly to market is one of the important thing I guess
Comment: currently bull run happening in Bitcoin!

this is good for entire market!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out