Basically, my almost 3 weeks old forecast is still in play: the correction arrived and now BTC is practically moving sideways within the boundaries of a recent trading box falling back to the first half of last December.
I still don't see that the correction period is over. Primary target is 12701 (lower edge of the trading box). Please note that we received a bearish indication on ultimate MA on 27-DEC, so all the buy we make needs a caution, these buys are rather nibbles. Please bear in mind that we are still above of the upper line of the log scale's secular bull trend channel (currently that line shows 11335. Regression to the mean during this correction would happen if price would climb below of that line, but still, BTC would remain in a secular bull condition.). Patience is a key here, our PPA is around 2k, so nothing urgent to be done as we took partial profit at 16-18k territory. Again, there are other coins, don't risk your money in BTC only.
I still don't see that the correction period is over. Primary target is 12701 (lower edge of the trading box). Please note that we received a bearish indication on ultimate MA on 27-DEC, so all the buy we make needs a caution, these buys are rather nibbles. Please bear in mind that we are still above of the upper line of the log scale's secular bull trend channel (currently that line shows 11335. Regression to the mean during this correction would happen if price would climb below of that line, but still, BTC would remain in a secular bull condition.). Patience is a key here, our PPA is around 2k, so nothing urgent to be done as we took partial profit at 16-18k territory. Again, there are other coins, don't risk your money in BTC only.
Trader, using patented technology to detect moves of large players (market makers). Part of my techniques work on cryptos as well.
smartvolume.wordpress.com
'Follow smarts, make money'
smartvolume.wordpress.com
'Follow smarts, make money'