![bitcoin-correctie.png](https://steemitimages.com/DQmcKuKan8HxLFUVAyyEfypSxcnfmMo2FUjYoh1btpU5WS1/bitcoin-correctie.png)

![HCpfxZgX_mid.png](https://steemitimages.com/DQmTh1JwKCnUMwz132jRGygzqFjNuitqtT7BUtJxRT6j1Q7/HCpfxZgX_mid.png)

![Oa4EXESk.png](https://steemitimages.com/DQmRa8KEyUFgb3G6frJ3afz3tVzb1CUSTV9ALd3uaSCj2KE/Oa4EXESk.png)
Trading View Charts: a.shevelev002

OVERALL TONE:
This is simply a no trade zone. Wait for confirmation, volume and the direction.



![download.png](https://steemitimages.com/DQmbQTrVSVpxMRhY1BXoHDPDV8MNmTN6Y6XXaJBQKUfz1RA/download.png)

The above chart (prices as per Bitfinex) shows:

* Long-term descending trendline breached: signals a long-term bullish-to-bearish trend 

* 5-day moving average (MA) and the 10-day MA are trending north, indicating a short-term bullish

* The 200-day MA resistance is at $9,737

* A pullback from $9,060 but still bullish outlook. 

* Revisiting trendline support (former resistance) before support above the $9,000 ma

* The bullish breakout suggests the test of the 200-day MA  ($9,737)

* Daily close below the ascending (bullish biased) 10-day MA would signal bullish invalidation.



![DQmbPCB73gSUmQcbBi25ZCfaaj5SmDFhonwiTKTPDUey4kV_1680x8400.jpeg](https://steemitimages.com/DQmPv6XLC2K34Nci8c8QG347NcfJMyPGtYwTJ3PPWW4UHnU/DQmbPCB73gSUmQcbBi25ZCfaaj5SmDFhonwiTKTPDUey4kV_1680x8400.jpeg)



![Unknown.jpeg](https://steemitimages.com/DQmQ3HUBBZoosA1uuL3ba86B7vJDfAomX2YngKKyMbBNuY8/Unknown.jpeg)
Watch, follow and upvote Phil's TA here:

https://www.youtube.com/watch?v=fcW5m9NRobY

If my research benefits you please upvote. Thanks and great trading for all!

#bitcoin #btc #cryptonews #cryptocurrency



![blog-1.jpg](https://steemitimages.com/DQmRej9deGvWi3q8cyLgoe1enX4uqsMaHEAmT7mkjc3YoMb/blog-1.jpg)

SEE THE APRIL 22 (EARTH DAY) A.M.
MORNING UPDATE BY PHILAKONE: 


22 APRIL 2018

VALIDATION BREAK TARGETS:
* BULLISH TREND WOULD INCLUDE A BREAK ABOVE $9037 - 9250
* BEARISH TREND IS BREAK BELOW: $8616

* BEARISH LOOKS MORE PROMISING 

Great Trading Ideas:
* CONFIRM THE TREND (Posssibilities) Before Enter/exit, trade. 
Add more to position when/if break-out occurs

* Set stop-loss. (tight like $8900) 

* Have enter/exit targets. Calculate Risk/Reward Ratios

* Play 1-5% only, stagger enter positions




https://www.youtube.com/watch?v=_nAP8Wzpmio