Bitcoin Staging Next Rally

26 Jan 2018

BTCUSD retraced 50% of its all-time gains on January 17. The same trading day saw BTCUSD retrace 61.8% of gains since November 17 as well as a test of the 144 day EMA, which has acted as dynamic support going all the way back to October 2015. These are signs of a healthy correction and indicate the up trend in BTCUSD is in tact.

My limit orders filled at 10k, 10.1k, and 10.2k. I have a stop below 9.3k just in case price wants to retrace deeper toward the 7.5k area and my target is "to the moon!"

5 Feb 2018

Catatan

Please see my updated analysis taking into account recent price action of the crypto market and historical trends in Bitcoin price.