Crypto-Coin-Trader

Possible & healthy correction levels

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Good evening,

i wanted to tell you my opinion on the actual market situation.
There are a little more lines and colors as normal, but i will break it down for you:

The background colors are from the fibonacci retracement since last ATH to bottom in dez´18.
Bitcoin hit the 61.8 level and the dump started directly.

The dotted line is the actual bull trend and you see, it is not broke at now.
You should look at this line and also to moving averages.

There are points, which i marked with black circles where i could think the retracement will end (price starts to move up again).

At these levels Bitcoin will touch several zones, like important moving averages, the fibonacci and the actual trend line .

Nothing is guaranteed as everyone knows, but i hope i can help with my opinion.
We need a healthy correction to generate a strength base for a long term bull market :)

Good luck and stay emotionless, don't act in panic! No fast moves without thinking about it!
Comment: Target 2 touched ... a little late, but on 22 nov ´19 price was at 7,000 level!

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out