$BTC correction almost over, need a breakout to confirm!

10 Des 2017

BTC time analysis & other TA combined. people who know Tone Vays know this TD time indicator. the 4h is at a red 8 and in 4hrs is going to give a red 9 which signals a potential reversal time of at least 1 to 4 candle correction. I drew the green arrow for that. we should break out from the falling wedge and test the other blue trendline, breaking both would be bullish and move us upwards. daily we are on a green 7 (flipping to a red 1 now and then) which would mean about 2 more days of upside untill we might hit a green 9, but for that we need to hit an ATH tomorrow to keep a green 8 which is still quite a long way to go, but we have 1,5 days more for that.

Price also hit my Fib calculated green target box from an ABC correction, where it also gave a reasonable bounce form the .5 fib retrade level from this move up. And it bounce from the 50 EMA (white line) as well.

All signs are linging up for this correction to be over soon. What is my next target you may ask? A bit early to ask, could be going to 20K but i want to first see us break out from this corrective trend, will update after.






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10 Des 2017

Catatan

We went so fast we didnt get to the 9 and the 8 even flipped to a green 1 haha amazing 4h candle of over 2k pretty bullish guys!