secrets2trade

Bitcoin ready for a bigger correction?

BITSTAMP:BTCUSD   Bitcoin / Dolar
Hello traders,

We expected Bitcoin             to reach the $5000. Now, we are expecting a bigger correction in Bitcoin             as long as it stays below 4990.58 (Invalidation level). When it breaks 4990.58 we need to readjust our view!

We won’t be surprised when Bitcoin             corrects to the 38.2% Fibonacci retracement which comes at around $3200. Our Intermarket analysis is indicating currently that bitcoin             has a potential to correct the $0 line, which basically means that bitcoin             can correct from $0, 38.2% or more. Also, we have a intermarket divergence in our own calculated indicator below.

Obviously, we don’t know whether it makes a bigger correction or not, BUT our intermarket analysis is indicating it, so we won’t take any long position at this stage anymore, as we made good money last month.

We don’t like selling it we will be now on the sideline.

Hope that helps

Cheers
Komen: BTC/USD is going like expected
snapshot
Komen:
snapshot
Komen:
snapshot
we still expect more downside. Keep in mind that we are believing that bitcoin is in a daily correction
Komen:
snapshot
it broke the wedge formation, it should continue lower, but we dont like selling it!
Komen: I told you guys to be careful, see we were right, bitcoin is dropping very hard:
snapshot
Komen: We are very accurate on this one!
snapshot
You shouldnt be surprised!!
Join us for FREE on:
Telegram: https://t.me/Secrets2trade
FB: https://www.facebook.com/secrets2trade/
Website: http://www.secrets2trade.com
Share a similar view, thank you for sharing
+1 Balas
@jgt2803, No problem :) If you have any other market you want to get analyzed please don't hesitate to ask.
Balas
nice, update i follow
+1 Balas
@ilia19, Thank you!
Balas
ilia19 secrets2trade
@secrets2trade, i see from update, downtrend from 4610?
Balas
@ilia19, We dont trade it to the downside, and could you please repeat your question again, i didnt understand it.
Balas
ilia19 secrets2trade
@secrets2trade, Last screenshot. We already over 4610,when how soon down?
Balas
@ilia19, Our inflection area goes from $4610 to $4850 it can turn in this area, but it is not a sell. Bitcoin can also go above all time high again. We said: "When it breaks 4990.58 we need to readjust our view!" So anything can happen at the moment.
Balas
ilia19 secrets2trade
@secrets2trade, thank you
Balas
Bahasa Melayu
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Laman Utama Pengimbas Saham Pengesan Isyarat Forex Pencari isyarat mata wang Crypto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar