BITCOIN in correction mode, when to Buy for next Impulse higher?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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price is following a parabolic trendline(not accurate), after every impulse price price corrects and find support around the trendline support, and price starts to grow again, I expect the price to make correction towards the support and if price holds above the support, then we might see next impulse in BTC .

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Comment: Update


excellent idea. looks more realistic than others suggesting to buy now
+3 Reply
Stargazer_fx elifashho15
@elifashho15 thanks mate
Another flag? very possible! great job!
+2 Reply
Stargazer_fx TopTradingSignals
@TopTradingSignals lets see, thanks
Chart Good. Easy for ape like me see. Have banana 🍌
+2 Reply
Stargazer_fx Bradledoo
@Bradledoo🦍🦍 thanks
i like it. but i also think there's a chance that this is that first sharp vshape correction to higher highs like we experienced between jan 3rd and 4th. It crashes briefly through the 0.5 FIB level (much the same way this is at the 0.382 fib) before bouncing up to (can't see in your chart) but the .618 perhaps? Like 72.5 ish. And thats when we get range bound and spend 2 weeks hugging the bottom of that line you have for resistance (as support). So range bound between 72.5k and 58k.

But i'm admittedly optomistic. i just don't see it trading anwhere near $42,500 in two weeks...that's where we were 7 weeks ago...

WOULD REALLY LIKE YOUR FEEDBACK ON THE POTENTIAL. BC I DO love the idea and the supporting argument your making.
+1 Reply
Stargazer_fx McGorgeous
@McGorgeous thanks for sharing your thoughts, I am thinking simple i.e as long as price stays above support around 42K I am bullish and if price breaks below support I will look for sell setup after a correction.
it seems to be true!
Good for Buy now
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