Is Bitcoin's Correction Ready To Go ?

Hi Guys

Hope you're all doing well today.

As you can see if you zoom in and scroll through the chart. I have highlighted the price rally %'s every time the market broke
through the 20 day MA on the 1 Day chart.

This has happened +/- 11 times since the bear market took over. With the market only hitting 30% plus in gains 3 times. At present we are sitting on 37% 34 days in.

1: 12th April 2018 - 5th May 2018 = 24 Days | 30% Plus
2: 16th July 2018 - 25 July 2018 = 10 days | 30% Plus
3: 5th March 2019 - 8th April 2019 = 34 Days | 30% Plus.

The market has never hit 40% post bull run after any of these price rallies above the 20 MA.

So as the header says, is that correction ready to go ?

We know the market is clearly over bought atm.

With possible price level correction trigger points at:

$5380 | $5680 | $6150 | $6450

Could this be the right op to set a counter trade this rally and short the market to re-buy in the mid to lower $4000's or accumulate further and fill those bags for the long game near the bottom of the correction.

One must not forget this is still a sellers/bear market/trend. So getting in to buy should be at the best possible price (for the long game) and shorting is validated until $6500 is truly broken with price holding above. As that would signal the beginning of the trend reversal.

This is just a basic analysis and my personal opinion/ TA.

Your thoughts, advice, comments and opinions are valued and welcomed.

Keep Well.

Regards

Peter.