MedianLineAnalysis

2 Short ideas

Short
BITSTAMP:BTCUSD   Bitcoin
I'm still waiting for BTC to reach it's Longterm upper median line (about 9000). If reached we should get a correction to around 5k, I dont expect it to go lower but other targets would be around 4000 and 3000. Now if we don't reach the upper median line... Well theres a rule I follow and it works 80% of the time .It says that if price fails to reach the next median line it retraces below it's previous median line. Given that right below our median line a have a gap to 2300. We could see a retracement to around that area.

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