Bitcoin Bull or Bear? 2nd full moon of January 2018 [BTFD]
Updated
Bitcoin has reached a level for me personally where the fee's are not playing to much of a problem but still the buying continues and the bulls get back there power after some recent dumps below 10k
Question is where are we going next?
looking back at previous years we start to enter a bit of a downtrend in the fractals but many things has changed for bitcoin this year with adoption, futures etc
also looking back at last mooncycle earlier in Jan we had a apres full moon rise and the new moon took it further down towards the last major low, u can see clearly the Moon indictor new moon (grey) and full moon (white) circles next to the peaks and troughs :P
using the GANN FAN i will short if we go below the red lowest area or go long if we can keep up the buying into the purple areas and upwards
black dashes are the fib levels
bounce buys around 11k areas but keep stops really tight here
Question is where are we going next?
looking back at previous years we start to enter a bit of a downtrend in the fractals but many things has changed for bitcoin this year with adoption, futures etc
also looking back at last mooncycle earlier in Jan we had a apres full moon rise and the new moon took it further down towards the last major low, u can see clearly the Moon indictor new moon (grey) and full moon (white) circles next to the peaks and troughs :P
using the GANN FAN i will short if we go below the red lowest area or go long if we can keep up the buying into the purple areas and upwards
black dashes are the fib levels
bounce buys around 11k areas but keep stops really tight here
Note
fib levels with values :@)
Trade active
Death Cross on the 4hr chart
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