martin242

BTC/USD small correction and then moon

Long
martin242 Updated   
BITSTAMP:BTCUSD   Bitcoin
Based on my analysis BTC will correct to around 4100 levels before taking off to new all time highs.
Comment:
I used the TD Setup and Countdown indicator which is showing a clear Sell Setup completed (green 9) and also a Sell Countdown completed (green 13) which means the bull trend is getting exhausted, you can already see the red candle starting at number 9 today. When this happens, you can expect a 3 or 4 day correction before the bullish trend resumes. I'm not saying this WILL happen but it seems like it will to me. I think the correction will find resistance around 4100 because it was a previous resistance level and also the 50 day moving average is around that level.
Comment:
Already at 4200 levels. Let's see if we get down to 4100 levels and then up again.
Comment:
4174 hit a moment ago. Let's see if it goes down a bit more today and tomorrow as predicted.
Comment:
Resistance at 4100 levels happened as predicted. Now going up as also predicted. Current price is around 4400, next resistance level should be around 4650. I predict it will go down a bit when meeting that level and then go up again to 5000 levels. Let's see how it plays out.
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