This correction could well head back to the intermediate support zone. Nothing really to get excited about, this is BTC after all :) I would definitely pickup more coins at that level. We are sitting at price support around $900.
Short term short target, overall I am bullish into the upper major trendline, so looking to reload in the minor support zone.
$850 target hit. If this swing trade helped tips are welcomed ;) 1DD14Qqxtjg22mamco3YwVpK52HGz7UvjC
Still shooting for the $850 fib target to be hit per my previous posts.... Also could be a double top here. Stay nimble.....
Looking for a break out of the triangle, $850 still in the crosshairs... 1DD14Qqxtjg22mamco3YwVpK52HGz7UvjC
WE consolidated through the lesser upper trend line and are between fib "ambush zones". I view this consolidation as bullish, technically speaking. However news driven events seems to be dictating major moves, which can then be traded technically. Sans negative news... I think we drift into the main upper trend line, sell off a little then breakthrough. $850...
Downtrend line still in play as it is still providing strong resistance. Price is compressing between trendline and "ambush zone" 50%-61.8% retrace levels. Breach of trend line would indicate that $800 is on the table. Breach of the 61.8 level would see a retest of recent lows IMO.