When and how to long Bitcoin after this correction?

Hey, Dear all!

Bitcoin just in a major correction after the long run bull market, in this threads, I will try to talk about my strategy about :

Where is the end of correction
How to trade in this major correction
How to long after this correction

Previous thread review
Last week, Bitcoin surge ~ 8% in 15 mins, lots of shorter liquidation in this storm. but I observed the fractal is very similar with one moment in last year March. and the truth is the history is repeat itself. price of bitcoin break the neck line~9700 again.

Where is the end of correction?
From the fib retracement : 61.8% is reasonable for the correction after the long bull run : 7285 USD
From weekly MA support : week 20 ~ 21: current is 7570 USD, if forecast correction done happen in 2-3 weeks later, the 20 weekly MA should be ~ 8000
Combine all of indicator above, I thought the final correction price should be in the range from 7500 to 8500.

How to trade in this major correction
Market trends: currently still in down trend, and bull not show their intention to pull back, especially from the volume: the volume is decrease over the dump time, demonstrated that whale bear or bulls didn't show their interest in current price ~ 9700. So I'm expecting the price should follow the current down trend, until the volume increase.

So short from ~ 9700-9900 still a good choice for traders.

But the path to the end of correction is not that direct, First target 9100-9300. then we will see re-bounce.

So I will liquidate my 2/3 short order in 9100~ 9400, and then expect the bounce, add short position again.

The actual timing I liquidate my short order depends on the indicators. I will continues update my action in this threads.

How to long after this correction
The long action I mentioned here is from long term(>1 year) point view, the timing for long term holder add their position, my estimation for the final correction target is 7500~8500, so my strategy is put the buy order from 7500 to 8500, but major share of buy order put around ~ 8000.

Another strategy is set buy order from weekly MA 15 ~ 25, and major order put around MA20, current 15-25 price range is 6808~ 8600, 2-4 weeks later, I think the price range should be in 7200 ~ 9000.

But one thing should be notice : there is a precondition should be full-fill for all of above actions: we are in the correction of bull market.

Happy trading, if you like this idea, pls give your like, many thanks :)

Trade active:

There is a triangle formation by the support and resistance line.

Watching closely for support level ~9600, if it breaks, the down side movement speed will increase I thought.

Trade active:

BTC move close to our load target:

after the bull trap, bear show their real strength this time!

and the uptrend support line is broken also, good news for bears! around 1H 20Min to close the 4H candle, bears should ensure the close price for the 4H below 9700.

Then continue downside movement expected.

Comment:

And the worst thing this time is about the expectation turn around, all of future / contract price is lower than the commodity price.

Trade active:

In the boring consolidate time, it's good to consider where is the end of correction, and how to load the BTC. two indicator I will take into consideration:
1. Daily MA 100, may served as the support this time, since we didn't test this support line after the long bull run from the beginning of this year.
2. Daily RSI 30, this is the indicator to point out oversold happens.

Trade active:

Boring time ongoing, but I thought the big move is on the way.

and I'm insist the trend is more likely to continue than change, what's the current mid-term trend, the answer is still correction.

So my point view is the more like downside movement continue in coming days.