Correction Setup
I believe we are going to have a correction soon.
Signs of a correction.
I am expecting a correction move towards one of the support zones I marked as 1,2,3. (which is already late). I hope a worst case scenario will be a dip of 6800~7000 band for a healty bullish correction. But some people already have 2x+ profits and anyone can easily decide to turn it to real money. This is Bitcoin and tides can turn at any time.
Good Luck.
P.S. This is only my opinion not a fact. Do not make your investement with somebody elses opinion. Make your own judgement. Your comments are all welcomed.
Signs of a correction.
- We have a divergence forming up on daily chart.
- Volume is constatly getting lower parallel with the divergence
- we've already completed 3 impulse waves (elliot waves),
- we are in the overbought zone in bolinger bands for a while
- the delta between EMA lines is wide enough and will likely to get closer at some point.
- Correction is missing for a while despite of the parabolic run.
I am expecting a correction move towards one of the support zones I marked as 1,2,3. (which is already late). I hope a worst case scenario will be a dip of 6800~7000 band for a healty bullish correction. But some people already have 2x+ profits and anyone can easily decide to turn it to real money. This is Bitcoin and tides can turn at any time.
Good Luck.
P.S. This is only my opinion not a fact. Do not make your investement with somebody elses opinion. Make your own judgement. Your comments are all welcomed.
Note
We are updating and we see that we are reaching the resistance level at 1 very fast. Keeping a close eye on this.
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