Bitcoin a small correction to remove Margin buyers May 31, 2019

Bitcoin a small correction to remove Margin buyers (May 31, 2019)

A quick rollback and purchase low major player doesn't want to derail the price. Here rather is the removal of marginal positions of buyers.

- Before that, we had a market overheated purchases of about 70%.
- Now after helicopter 58% of buyers on BitMex.
- In General, it was possible to make a correction and eliminate buyers for a major player.
- We have an upward triangle and according to the rules we have to climb up in percentage terms with the breakdown and consolidation.

When will a major correction is only to guess. I still believe that after this growth, we need a correction of 30% and in the area of $6000.00

This area is around $9500.00-$9600.00

Trade active:

Trade active:

Bitcoin made a correction more than expected, but pattern of correction is the same as it was last time.
We are held by the support level of the green candle closing level on the daily chart.

Next Target: $9600.00
Next Long Target: $12600.00
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All purchased coins remain in the portfolio. We expect the achievement of goals.
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Comment:

Hello, everyone. Today is a great day and it will get even better as we continue to grow. We have panic moods and the index of greed and fear at the lowest levels :). Plus found an interesting similarity between the movement of bitcoin and the Chinese Hang Seng index. This situation was repeated in our index. If this scenario is the same then we are waiting for 9500 for bitcoin. Then correction to 8000-8200 and then growth to 12700-13400$ (after such growth there will be a collapse to 7000) - it is desirable to believe in such scenario.

We touched at the 0.618 Fibo and then fell to the level of 0.236 FIBO

Bitcoin (Daily Chart) - Same situation on Hang Seng

Bitcoin - 0.618 FIBO (if the Hang Seng scenario works.)
$12 700 - $13 400

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Fear & Greed Index (Yesterday 27, Today 34 = Fear Fear Fear)
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Comment:

Hello, everyone. Good day. The growth took place and we are going to conquer the peaks. I believe more and more that we are going to update the maximum prices without serious corrections. Now a good entry point for medium and long term positions in the cryptocurrency. If You want to receive trading recommendations on where to enter and exit, welcome to the Prime group.

Comment:

Well, we closed the day above the trend line and fixed. I looked through limit orders and there is a possibility of dump price of the stops and after that we'll go on up. If You already have purchased positions (I recommend to keep and wait for growth) soon I think we will come out of the sidewall and continue to grow.

Correction zone ($7700.00 - $8000.00)

Trade active:

Hello everyone, great Monday. We continue to grow in Bitcoin and we expect continued growth above 9500. Altcoins are still standing and soon will begin to grow. As expected, we brokeout the RSI trend line and the usual one as you can see on the chart. Last time we broke through the top we showed an increase of 45-55%. In our case, I expect about the same indicators.