This is just an idea. MACD, Volume, Fib, BB show us a short opprtunity. I'll keep my BTCs but short may be happened and after the short my target price is $8000 in Feb 2018.
I think BTC is still in the corrective up move that soon has to give us another leg down. Looking at the structure on M15 and H1 timeframes, it seems rather bearish (MACD divergence + H&S pattern) and ready to fall. It might go down from the actual price or it might go a little bit higher before coming down.
This 2 possible scenarios might happen, it depends on this week plenty of FED speeches which will drive the dollar as well as North Korean´s tension.
If you want to buy i would wait for an hourly flag (continuation pattern) which verifies the uptrend and the breakout, if this happens tomorrow could be your trigger.
If you want to sell, wait for the breakout of...
Well I'm starting to see a lot of parallels between the last time this fractal appeared in July and this time. FUD news beginning to appear in all "official" mediums such as Bloomberg, Financial Times, Reuters, WSJ and the like. China "banning" ICOs (they've banned Facebook before and 3 years ago THIS SAME FUD of -Bitcoin BAN- dropped the price to...
Over the last month and a half BTC has been extremely bullish by placing new highs and by once again reaching the top of it's long term channel.
This is a deciding point for BTC. There are multiple scenarios that could play out, here are a few that I believe are the most probable.
Scenario 1:
Many of us know that history tends to repeat itself, therefore BTC...
