Bitcoin Falling wedge and trend lines
Updated
Absolute bottom 0.618 fib.
Sharp Correction, mostly means a consolidation phase before moving up.
Expecting consolidation until end of Q1 2018. in the mean time we can expect FUD news or even positive news.
''Many have also talked up the potential of cryptocurrencies in 2018. Julian Hosp, co-founder of TenX, a firm that wants to make it easier for people to spend virtual currencies, told CNBC in December that bitcoin could hit $60,000 in 2018, but could crash first. And Dave Chapman, managing director of cryptocurrency trading firm Octagon Strategy, said that bitcoin could hit $100,000 in 2018.'' - cnbc
Titans Grip boys.
Sharp Correction, mostly means a consolidation phase before moving up.
Expecting consolidation until end of Q1 2018. in the mean time we can expect FUD news or even positive news.
''Many have also talked up the potential of cryptocurrencies in 2018. Julian Hosp, co-founder of TenX, a firm that wants to make it easier for people to spend virtual currencies, told CNBC in December that bitcoin could hit $60,000 in 2018, but could crash first. And Dave Chapman, managing director of cryptocurrency trading firm Octagon Strategy, said that bitcoin could hit $100,000 in 2018.'' - cnbc
Titans Grip boys.
Note
0.618 fib level is the limit boysNote
Note
daily 200 ma rests on that arrowNote
the btc upward trend started at 150$ 2015 August, also the 200ma started moving upward. which broke the downward trend started in 2013. The 200 ma currently rests at plusminus 7800$, with a strong fib level 0.382. makes you think how strong this support is. Also some ppl predicting that btc will go to 4k,2k or lower. Keep in mind this is technically not possible because on that way to those targets are different support levels that need to be exhausted.
Note
ill be exiting all altcoin markets if it goes below 7k and converting everything into btc.
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