As we have retraced so far how much further do you think this will go who knows i believe the bottom
was going to be $7600 and my ultimate bearish was set for $7200 maximum, if you look at the charts
you can see some one has sold a lot of BTC and bought back in possibly waiting to see if we bounce
from this point but there was a massive spike in volume..
I believe my forecast posted in the 4 hour chart of min $6,399 will hold a closing 2 hour candlestick or 4 hour candlestick above this min. I don't think my other forecast posted with the 4 hour chart of $7,384 will (see posting of 4 hour chart for how I arrived at these calculations). The Fib lines I've inserted appear to be working well which I think gives...
The last three days the 8k level has been bashed into numerous amounts of times. 8.2k seems to also be a small target down in this area but from my honest opinion, the institutions are having games at this lower price; allowing the rest of us to follow suit.
Could this be the end of Bitcoin ruling the top of the table after all of these years?
I'm a Bitcoin. bull between $6,944-$6,724. This approx. is based on distance from the 20 bar MA currently $8,185 on previous drops i.e. $1,241 and $1,461 respectively in a 2 hour period (difference between = $220). As the 20 bar MA falls so will my price targets. Will be watching for other confirmations too. This is just a price target idea.
Looks like based on last years support and resistance arrows if the market now consolidates nicely over $10,600 it hould go higher other wise next stop down will be the 20 MA and then failing that then it will be back below $10,000 and as low as $9,400. Enjoy !
Price Corrected ~50% from the all time high at December 17th, 2017
This is the largest correction I have personally seen since I started mining in February 2017.
Historically in the last 3 years we have closed red in January;
(2017, -0.2%) (2016, -14.5%) (2015, -32.4%).
We are currently down ~18% for January, 2018.
The uptrend from September 17th, 2017 was...