Looking at the volume indicators, it seems there is a buying momentum. Also, because of the long swing down there must be at least 45% retracement upwards . The next fib level could decide an upward tread or a sideways moment. target around 9700.
XRP is moving with BTC, looks like a two level fib increase on the way
All the indicators are indicating a decision point forming. Fib levels are well respected, a squeeze is happening, also a potential cup and handle formation. You know what they say smart money comes early and leaves before the dip. I recommend checking out the 30 minute chart with the same indicators.
Almost reaching the decision making point at horizontal time zone fib let see, what happens when the date changes in Asia tonight.
The time zone fib indicates there is going to be significant activity on next coming time zone fib level. Which would be with in two days. (i.e. 29 Jan 2018. around 0800 utc)
Time zone fibs and the flag is squeezing at the same point in time. It is very interesting!
PI EMA also indicating oscillation between fib levels. ( i.e. oscillation between low and high 11 thousand USD range).
Support is reinforced. Recommendation: is Long at least till the next resistance level.
Cup and Handle is forming. Note that 1.618 is reinforced by the previous Fib level. Recommendation :Therefore, it makes it a good buy at this fib level.
Next dessicion point would be 0.618 fib level. (i.e. 1.4459 USD n bitfinix ). 0
Bitcoin is braking support and could oscillate in low 11 thousand range.