What we see the last days? Its look like a rollercoaster action.
Let take a look to the future and let me tell you the reason for my opinion that we would "Touch the Resistance Line on 7980".
Look at the chart, look at the Tradingvolume, the Marketingcap - all the same factors: "up & downs". In my opinion we are in a activ downtrend but the problem is; the big whales wanted to earn money with us, so becareful at this moment. If you look back we have a lot of bad news about cryptomarket: BTC / USDT Problem. If you went up in chart, you can be shure that market is manipulated like 2013 with Mr. Gox. We dont know what comes out at this moment the US Governmenthas invited Bitfinex and USDT Owner - the problem here is; Bitfinex and the Owner from USDT are the same peoples. In December of 2017 Bitfinex wanted to have a cooperation with the US Government. The problem is: Bitfinex has order a external exam of there financial accounts by a big company - but bitfinex shutdown the cooperation with the external financial auditor befor the final report was ready.
At least we have the new year in china at 16. february. This is a point that we seeing already in februar of 2017 arround the 16.02 (newyear day) a lot of people have cashouts to this time. Which reason has this? The reason is: TRADITIONAL ... A big present in cash money is an important traditonal thing so you can read this on wikipedia or something else. After the 16.02 we have a strong buy moment, im absolutly shure about that.
We are not correction because the whales playing with us that the only reason for the rollercoaster - let crypto correct normaly, a normaly correction on the market have a (longer) sidemarketline!
So head up!