Danesk

If BTC cross 10k, I expect correction and it is good

BITSTAMP:BTCUSD   Bitcoin
My personal assumption - as I wrote, I see there will go over 10k at any cost. Due to the distribution of resistance, I would not be surprised to reach the nearest 10k - that is, approx. $ 11600. Then I wait for a faster correction by approx. 39-40%. Subsequently, growing to a higher high - if the growth is as I drew it, or faster, or perhaps slower - I don't know. The line just shows that then I am waiting for a gradual growth that will not be a dish.

If we start to drop from a price above 11k, I believe that the limit of around $ 7,000 will be retained - don't think there will be voices saying we're going to bear again, because of the previous dish - but I wouldn't believe it :)
This chart is neutral because it is not bad or good news - this is Bitcoin life and it is normal. After correction will come growing price and after time we will see ATH again.

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