First 19000, then 30% correction. Buy zone at 14000.

Nov 18, 2020

This is a mid-term analysis.

First, excuse me for oversaturated chart. There are too many lines but I just wanted to share my plan to trade Bitcoin because I think everything just lines up so nicely. I didn't have time to make new chart so I hope you can read this one as is.

Bitcoin could go straight to 19300 (white arrow) or fall to Fibonacci Golden pocket at 16640 and bounce there (yellow arrow). Near future will tell that.
Either way, after topping out between 19300 and 19600, 30% correction will follow. All the way to another Golden pocket (white dashed line). I have buy orders between 14000 and 13300. If the 20-Weekly Moving Average holds, Bitcoin will shoot above ATH. The 20-Weekly MA and its projection are blue lines.

I'm just starting to post my ideas so I would appreciate a like. You can also follow this idea to get future updates.

Nov 18, 2020

Note

I'm adding a screenshot because the chart looks better on the photo:

Nov 18, 2020

Note

Adding wider view of the same chart with 3-Day candles:

Nov 26, 2020

Trade active

I said, topping out between 19300 and 19600 and it happened. Earlier than expected, but now is the time for 30% correction.
Set alarm at 14400 and observe situation when that happens. BUY BETWEEN 14400 and 13500!

Dec 16, 2020

Order cancelled

Idea invalidated. 20 W moving average will get tested sooner or later but 20k+ invalidated this idea.