**KEEP IN MIND**
The main tool being used to analyze and forecast BTC trend is the BOSS METHOD. A patented intellectual tool that was generated by Brandon Kelly an entrepreneur, cryptocurrency trader, and engineer. The tool uses quantum mechanics and mathematics in the form of 3 simple MA's (sometimes 4) based on prime numbers.
Please go find him on youtube @ THE BOSS OF BITCOIN
The main rule for this tool is that when the white goes over the blue its a buy and an uptrend will follow. In vica versa when the blue goes over the white then it is time to sell and a correction is coming. The orange line is the 231, and is a massive for the coin and a strong indication of where it is headed in the long term. If the 231 is moving downward there may be some divergence long term, if it is moving up and to the right you know that long money is in on the coin.
As you can see just for the big picture I have attached the end and beginning of the macro cycles we are in. That is the correction (left)and the now happening 5 wave breakout (right). We can see through the MA's that the 7 is now hurling downward, foretelling that the downtrend is taking a steep dip. Not to worry however because again the long money is in on BTC and we can see that with the 77 moving up and the 231 should flatline and move upwards in the next couple of days.
The idea is that once the 77 touches the 231 it will take it up with it, and the 7 will follow both. The white should touch the blue however and this correction may very well not be over before the end of the week, however I think it will be officially over at the open of march. The key is to watch the MA's for the perfect time to buy (when the white goes back over the blue, or if you have balls when its being drown by it). Support can be seen at the 9500$ and 9000$ levels, this is critical support IMO and if the wave is real it will not break. As indicated anywhere inside the box is a very good buy, and may be the last chance to get in on BTC below 10k. ALL ABOARD!! and oh yea...
PS> I threw the on there for all of you junkies...as you can see it is coming up on the overbought signal sometimes between the 22-23 of Feb. Stay tuned!!