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BITCOIN Don't miss this dip buying opportunity

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is essentially trading sideways. This is mostly because the 1W MA200 offers a strong support and every time the price approaches it or tests it, buying pressure starts.

MACD gives a quite clear Bullish/ Bearish Signal pattern and as seen on the chart, BTC is currently on the bearish phase. Bearish but of course still within the consolidation range supported by the 1W MA200 but also contained under 4250 at the same time.

Based on that pattern I expect the price to break below the 1D MA50, hold the 1W MA200 and then rise again towards 4100.

STOCH also gives the same dip buying signal inside this channel.

BTCUSD will be consolidating for some time but this consolidation is a great opportunity to buy low and sell high.

Check out how this consolidation will prepare the next bull market in the coming months:

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I'm still looking for one more leg down before we get the reversal. BTCUSD H4 Update, Z down? Checkout the idea detail's and all the update's for the complete picture.
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@Boon2, Why should z follow the 2.5 extension? I mean what would be the technical drive behind it?
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Boon2 TradingShot
@TradingShot, Thats arrow is simply if we get the same size wave as W, to complete the structure Z only needs to break below Y, how far Z goes is anyone's guess.
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@Boon2, I thought so Boonie. Thanks for clarifying.
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Boon2 TradingShot
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If in your chart Bitcoin will go up what do you think of AION?
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TradingShot TheRealDemo
@TheRealDemo, Looks good. I am going to make an AION analysis next.
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I’ve shorting since 4200, I’m out of the market now watching wether there is selling pressure to start wave 3 down.
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@Coinamic, Yes that's a fairly accurate 4H depiction.
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