Bitkingfx
Short

Expecting a correction back to trend line, but then...who knows?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I am almost certain we will see a correction back to the trend line , we are seeing very clear divergence on the MACD which I simply can't ignore.

Once we hit the trend line , it's hard to say at this moment in time, could we see another wave up or a deeper correction, time will tell and we should have more clues once price meets the trend line again.

I will be posting some Altcoin ideas as we should see a little money flow back into Alts as is usual when Bitcoin retraces.

Good luck traders.

Bitking.
Well, at least you are honest..Who knows what will happen..:D
Somehow btc thinking..nobody wants to sell bitcoin but nobody wants to buy too much btc for that price.
However if I need bet I'd say a small correction to around 3k possible in short term.
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Bitkingfx CoinDreamer
@CoinDreamer, I would have to agree with you mate, we are definitely going to be floating around the 3k zone for at least a few weeks, its a good thing as I can feed some more money into Alts and build my portfolio a little more before BTC either moves into a larger bullish trend or we see a medium term bearish direction.
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