BTC/USD
So I think things look ugly. I think a healthy trend to follow would be the green channel but we would have to fall right back to it because we clearly pulled ourselves way out of that channel and now we are in too high territory where everything can happen and anyone anytime can start a snowball effect and plummet the price crashing lots of newly formed supports that a. they haven't been tested and b. they are in not a strong position to be maintained for long, that's why I think newly created supports could easily fall quickly. But all of this just makes me think that the capital that finished distributing, will have two choices, migrating to other coins or completely getting out of the market. I'm not sure how will all this big money that got in crypto this year could cash out without crashing everything so the second outcome is too crazy to happen, but anything can happen. You gotta be aware that in that case the best way to secure your capital is converting to fiat. I do see capital flowing into altcoins so we can focus in bitcoin being the backbone and fuel of this crypto industry/economy that's proliferating instead of treating it as the only thing that matters. Whatever happens at the end of the day, there's always ways to make money and secure capital, we have to be aware of the big moves, and for oct people have been hyping up bitcoin gold without even understanding what's happening or happened already but anyways, bitcoin cash hype was also happening while we were already grinding the 100 RSI and the stochs looks like it has been stretched so much that its going to pop any time soon. This coincides with some altcoins RSI's been pulled to the ground rather than up. Technically, it looks like a bright future for altcoins is coming in 2018 but what will really happen? Feel free to comment.
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