My first post so feedback is much appreciated. Keeping it simple here and trying to interpret the market paired with a basic Technical Analysis ,I dont think we're going to see a break out of this bear trend we've been in since the ATH -0.19% . Be patient and dont buy over 10gs. I'm of the belief that any price action in the past 90 days over 13k 3.14% was "hype" money of people flooding the markets and saturating it thinking BTC -1.09% was to jump to 100k and whatever else you hear on youtube/reddit etc. I think BTC -1.09% major investors are trying to gain the public's confidence by reflecting a steady price action in general. Therefore the range is going to be between $8,000 & $13,500. I think we see the price action stay in this range through Q1 2018. More to come in March.
评论
⋅
BTC is treading the bottom of the Bull trading zone within +/- 5% for the past 12 hrs. This zone also happens to be the 38.2% retrace line towards its ATH [Disclaimer - being the conservative trader i am i started 100% retrace level around $19,000.] Now although it has broken this retrace line, it isn't doing so in a way that builds confidence [low volume, and more importantly lots of swing trading - buying and selling relatively cancelling each other out] I think its going to come back down into the Bear zone [Red lines] over the next 36 hrs. Again supporting my trading range of $8,000 to $13,500 AT MOST. IT HAS TO break the next resistance level in the next 6 hrs [$11,700] or I'm calling a BUST on a potential bull trend. In my opinion, A guaranteed downward trend through Mar 14. Hope my opinions help keep people from being impulsive. I typically am a conservative when it comes to short term [1-3 week] trading cycles and am in no way shape or form lending trading advice, just my opinion in hopes to inform others for educational purposes only.