so after we broke the down trend "red" as well as the uptrend in blue. it looks like the new trend ( blue) will be our guide throughout the journey ! buying entries should be based on that trend, the next price correction should re-test it, we have one more resistance at around 9800 ( blue dotted line) after than the road is clear to the next major resistance at around 11400-11800$. and that will be the biggest obstacle to ALL TIME HIGH. considering the time it took for this HUGE correction, i expect the price to hit all time sometime around 15-7-2018 ( this just a rough estimation ) will depend on the fundamental news as well.
do not expect the price to up 90 degrees, there will be some corrections ( small and big ). i will update as needed. if you looking for a long signal, wait for a re-test of the trend blue, or wait for the next resistance blue dotted line , wait for a close above, go long with SL under than line.
@almiftahdz, there is no LAST in market. 6k is not last and 20K is not last. price can go as low as 1$ and as high as 1Million. LAST station only exist in your local metro system :D
jkw
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When watching for a re-test, which TF to use? Thanks
MikeMoh
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@jkw, 1H or higher, do not use small TF . as i type this, there is a retest and a good buying chance, with a very tight SL and great Risk/ Reward ratio.
sliminish
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That's very optimistic
kardia
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I believe we are going to see a 50k BTC before the year is over.