BTC Trend - 3 routes

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Daily RSI is very high, pointing to a correction.

However, BTC remains bullish and so, this chart explore possible routes. The first route (in purple) shows a continuation, which follows the current trend line . The second route (in red) shows a dip to the older trend line before continuation, and the third route (in black) shows a deeper dip to the demand zone before continuing upwards.

Potential profit areas are marked TP1, TP2 and TP3, based on Fibonacci extension levels.
Trade active: Looks like BTC took route 1 :)
Can't win with this. I can buy high with caution, but without dropping into demand zones at all, swinging in and out only makes it so I can buy a fraction less every time, on top of sleep.
Evermore dreamstrata
@dreamstrata, agree - this is such an incredible surge upwards. And becomes riskier every step BTC goes up. And yet, the price continues to go up :)
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