BTC breaking down, out of the current range defined by the two converging trend lines .
Forecast is a prolonged downtrend like in 2014 (Binance-CEO agrees)
Long consolidation around mid of 2017 rally at 4200. (Gaps in Volume Profile need to be filled)
New uptrend in 2020 when first institutional money arrives (Novogratz: it might take 18 months until instis get in)
Two more 50% drops in 2018 possible, leaving great potential for shorting.
Forecast is a prolonged downtrend like in 2014 (Binance-CEO agrees)
Long consolidation around mid of 2017 rally at 4200. (Gaps in Volume Profile need to be filled)
New uptrend in 2020 when first institutional money arrives (Novogratz: it might take 18 months until instis get in)
Two more 50% drops in 2018 possible, leaving great potential for shorting.