Hi there, Watch 786 for buy. We are having bigger correction. The bigger the correction gonna give you better opportunity for longer term buy. Enjoy your trade fellows.
And what about the MA cross which has just happened? Don't you think the correction is going to be even bigger?
Tarder
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@ygorduraes, An expanded flat to around 12,000 would be much preferred, in my view. That would present a nice run up after liquidating a few accounts on the way down.
waseemshamieh
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check this now
CrytpoKotter
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You will get one right at some point. start looking at the market cycle chart for complete reset or look at the 61.8 for 2017 in total which is 8300. 8300 is correction, a move back towards 15K area from 10 to 11K is a correction.
CrytpoKotter
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@CrytpoKotter, edit: from 10k to 11K is a market reset, you will get a head and shoulders pattern up to 15k to 17K then down to 2K we go
Tarder
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The current low, as of adding this comment, is a 38.2% retracement of the move up from earlier in the year, to the first high of the expanded flat at just under 17,000, not the peak. On the charts I'm using from IG, it's pretty much spot on, and has bounced 1k since then. Lets see if it holds, or the next target could be 50% at around 8900.
Walentine
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ThankUKind
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Why all the fireworks right now, bitcoin price is jumping 100's of USD in a second constantly