The day ended with a Hammer candelstick pattern. It is a bullish reversal sign!
We're going up, at least to the next resistance. If resistance is not broken, it can come down again.
If Bitcoin will follow the same parabolic growth from 2013, it will be a good year.
On the short term, I expect a further price drop (10000-8000?), followed by quick recovery; and then exponential growth towards 100.000 or more this year.
Don't take this as investment advice, anything can happen in crypto world. If something really bad happens for Bitcoin, it...
This is where we watch for movement, because of two very probable possibilities:
1. Continuation of correction
There is a big Head and Shoulders pattern. If a convincing price fall under the neckline takes place, it might reach 10000, which is a good buy opportunity.
Anything is possible, but if we reach 10000, which acts as support, I belive it might return...