target for taking profit $5400-$5500
Target area is right before 200 as most BTC people are very . I suspect a bounce before or on 200 for 4 hour.
-BTC/USD has been buckling for weeks.
-Volume is dropping off as well.
-4hr (94.8,94.789), suggesting overbought on 4 hour and medium pullback within a few candles.
-With Devcon 3 for Ethereum , I suspect ETH/BTC will pump and perhaps ETH/USD will have a 50-200 cross on 4 hour.
-my proprietary tool says we are buckling.
-Also if you look at Dian Kemala's btc/usd idea...the idea suggests correction is very likely if we cannot break above ~6482 https://www.tradingview.com/chart/BTCUSD... This woman seems almost godlike with her ideas.
-Lastly even with btc at this price, we have barely touched new total market cap ATH of around ~182.6B from Pre-China ICO bans. I think today we hit 183B.
From here we see if btc/usd breaks resistance or breaks down.
Stop Limit ~ 6500.
If this target hits we see if it bounces to $6800 or falls more.