BITCOIN, Correction will HAPPEN SOON! BE READY!

Well, as you can see the right chart is 12H and the left one is 4D. Firstly I wanted to use 1D and 1W chart, but they are less detailed. If you remember my idea about bubbles, you will be able to interpret the chart much better. But okay, let's start.

I mentioned zones of increased attractiveness and brought them together in categories of growth and fall. As you can see, we have great chances to go down, HOWEVER - we have to remember that there's always the chance that we will see new factors (for example news) which will change the market mood. For example, the phase of deflation will transform into the phase of the first sales, or in other words - the market is overbought and needs a correction. But from another hand, it means nothing because the Bitcoin really needs correction. If we take a look at the end of October 2017 on the 6H timeframe, we would understand that we have the same picture now at the 12H timeframe.


All these factors tell us that we can expect a correction of the growth very soon. And according to the screenshot I've attached above, even if we see a pump and new local high levels, it won't mean that the correction is cancelled. Moreover, there we will look for an entry point for a SHORT position. *Advise not intraday traders.

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