BTC did an amazing run in 2017. Now it's time to reset some indicators and go back to the bullish log channel we left during the mania mode.
This doesn't mean BTC is dying or anything, we just need a healthy correction and might as well see the current price of around 12500 in February.
Last time we broke such a long consolidation triangle down was again because of fud and a needed technical correction, this time expect the bleed to be faster and the bounce even bigger.
10500, 9500 and 8500 are perfect entry targets. If you don't have any money left I'd suggest you close your laptop for the next month and hodl.
Let's see how this one goes. Trade safely.
This doesn't mean BTC is dying or anything, we just need a healthy correction and might as well see the current price of around 12500 in February.
Last time we broke such a long consolidation triangle down was again because of fud and a needed technical correction, this time expect the bleed to be faster and the bounce even bigger.
10500, 9500 and 8500 are perfect entry targets. If you don't have any money left I'd suggest you close your laptop for the next month and hodl.
Let's see how this one goes. Trade safely.