majorlee

Bitcoins biggest correction to date? or a platform to 20k?

Short
majorlee Updated   
BITSTAMP:BTCUSD   Bitcoin
Sorry about the deleted TA from earlier

as i published last one it blew thru a hole lol

So again the bulls and bears fight over which way Bitcoin is headed, we can see a clear bounce from a major support level around high 12000's

most probably see a retest of this, and if breaks down headed toward the lower area's of the Gann Fan

seems like the top of bounce peaked at 14500 if it moves up out of the lines will consider a more bullish stance, otherwise we on course for a HUGE correction, could be days, weeks, xmas will throw in extra mix this year with all new popularity and 24/7 markets

if it does break down use the gann fan levels for rebuy areas, if not hold onto your as 22k is on the Xmas cards list....

if bitcoin goes below 9200, it will be serious down trend and bring a lot of the market with it, could be a BCH play/switch too, im not ruling that out

and with that have a very festive and merry period wherever u are or pray too, peace n love innit mate! (personally this year is all about Star Wars)

Trade active:
Death cross on the 4hr Chart :)

Trade closed manually:
Recorrection is over, could be another one for a real test

lets see what futures do with it tomorrow

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