Bitcoin - The fall is not over, second target to buy

Bitcoin broke an important upline of the main up channel, that was the great reason for this big fall.

If we are certain that this is a correction on the weekly chart, the fall will not stop now.

We can not forget the very sharp price increase in recent days, a drop like this was expected.

If the fall exceeds the support zone, we will have great chances of falling until the new buy zone at 13500 ~ 12700.

It's important that you only buy bitcoin with targets over 20k when the bitcoin demonstrates a big sign of reversal.

Comment:

Sorry for 30M chart time. Is wrong and I cant delete it now.

Comment:

Yesterday chart:

Trade active:

Who win? the support at 15500 or purple line? We know in next hours.

Trade active:

Bull power still low. The next buy zone is the new target. Make a stop after purple line and enjoy.

Trade active:

The speed at which the bitcoin is falling surprises me. The big players should be expecting a reversal sign below $ 13,500, meanwhile they let desperate sardines take the price down. If you not sell bitcoin yet, its not time, because the 12.000 is a strong support.

Comment:

Crazy market. Remmember: Buy signal not is low price! Never buy bitcoin/altcoin because its have fall. You need wait a buy signal to buy, grafical ascending tops in high time chart.
At this momment all market of cryptos is in panic sell, just wait market back to normally, the better way to wait is in USD.

Trade closed manually:

A new chart idea for long position has been created;