From my analysis we've just finished forming Elliott's wave A,
BTC will go a bit bullish from here climbing to wave B, probably to the next major resistance and then going bearish, falling all the way to $9700 to wave C. This is not a financial advice by the way, if this helps u a simple thanks will be appreciated.
Note
We almost reached target Wave B we bounced upwards of $16K, down to test support @ $11,862 if that doesn't hold the probability of BTC going to $8.5k are extremely high!Note
It's highly likely BTC is going to test $5.5KNote
1st January 2018 BTC Simply has no energy , Tragic! :-(Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.