BTCUSD idea, waiting for correction of unbelievable growth
Updated
Hi All,
I think that we are close to the start of correction. As mass of people don't stop buying BTC even at so high prices, big BTC keepers are waiting to fix big profits. So as we can see at FIBO levels, next ATH I see at 12800 - 12900. I am wathcing these levels as potential reversal level so expect some good correction to 9000 levels. As far as we see some low volumes at 12800 levels, we should be ready to short it. Anyway I don't have magic to look at the future, so I'm just sharing some opinion and expectation, so will see. Thanks for attention and good luck!
I think that we are close to the start of correction. As mass of people don't stop buying BTC even at so high prices, big BTC keepers are waiting to fix big profits. So as we can see at FIBO levels, next ATH I see at 12800 - 12900. I am wathcing these levels as potential reversal level so expect some good correction to 9000 levels. As far as we see some low volumes at 12800 levels, we should be ready to short it. Anyway I don't have magic to look at the future, so I'm just sharing some opinion and expectation, so will see. Thanks for attention and good luck!
Note
Price is acting as I expected previously. Still no bears in game, bulls are lifting price up to the NEW ATH. Considering such fantastic bull run from September 2017 and taking in consideration all that fundamental news, I can assume, that in order to reverse price to the downtrend there are should be huge factors and volumes. Personally for me, I don't use fundamental method of analysis, because everybody see what he wants to see, and everyday there are different news and spams which are being printed by manipulators and bla bla bla. Just keep in mind, that bears can start their game any time. So waiting for signals and watching price action.
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