I believe the correction is not yet over.I'm expecting a reversal at $9000 and a pullback to $7500 or $6500 before the uptrend.breaking the trend line and closing above $9000 in day chart confirms the uptrend and there wont be any pullback in this case.
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Reversed at $9000 as expected Moving to the target
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Red line ($8000) is a strong support.. Expecting a reversal at $8000 $7500 or $6500. Reversal from these levels and crossing of the black trend line gives us uptrend confirmation
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Moving to $12000
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Pushed down by the resistance. It will find support at $10000-$10500
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BTC has a weak support at 9400.It might reverse from that level.But I believe it will reach the support at $8900
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As expected 9400served as a support.We had a short bounce there.Now it s going to be retested.I believe it will not hold.so prepare for the next move to $8900-$9000
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Double bottom at 9300..need to break the channel(green trend line) for reversal
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Crossed and tested
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There are many TA stating we are still in the corrective wave.To me correction was over long before when it crossed $8500(circled zone). What we are seeing now is the retracement of the previous short rally.I strongly believe there will not be any pullback to $6000 and below any time soon.
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This reversal was expected one but it was stopped at the junction of two strong resistances.Now it has to be held above the red line for further upward movement.
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It is now at the trend line.Hopefully it will go up
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Moving to previous high $11650
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Possible pullback to these support levels if fails to close above the red line