So on Dec 25th, I said that BTC is and exactly said, the price will reach 16k$ before crashing.... well its following my idea exactly.
Here is the previous idea that was done on the 25th:
So lets ignore the past and move on.
The common question right now, is when do we buy back? I have placed in two lines which are strong support regions that should be able to hold the correction and reverse the downtrend.
If it goes below both lines I would sell everything and stay in USDT till the market is clear. (I doubt that it will go down more, but just in case).
EMC FACT ADA XLM RLC XRP NLG LUN XVG NXT DGB SIA DOGE NAV BTC
Signals that didn't reach targets yet:
Vcash FLDC 1st
Which I believe will reach the target after the BTC correction, when they do I can proudly say that I have a 100% accurate signals.
There are two downtrend regions that bitcoin got to break from before confirming an uptrend.
These two downtrends are shown below:
from 7800$ to 9500$
then from 5900 to 9000$
Care to have a look at this guys chart:
He predicts the exact opposite, has a lot of followers:
Would love to hear your thoughts on his trading idea, just from a trading analytical point of view :)
A short-term bounce doesn't mean a long-term uptrend, and a shot-term fall doesn't mean a longterm fall. At the moment, we are in a down trend, and the downtrencd line is the judge.
I have some fears that the market won't withstand what might happen which could lead to a stronger correction (a lot of new hands that are holding, and once they see 4 figure numbers instead of 5 they will freakout), so I can't tell you if buying at 8500 is a good idea or not. We will have to wait and see.