Worst is over for Bitcoin (BTC) time to accumulate 01/17/2018
Here is a WEEKLY chart of BTC (Bitcoin) and price has come down to the 20 day moving average as well as approaching the uptrend line that started in September 2017. Both will provide support for this downtrend
and will stop the downfall. You can see the 20 day weekly moving average has stopped 2 other downfalls back in July 2017 and September 2017. BTC will need some type of double bottom (high low) to confirm that the downtrend is over and will launch to new highs. Trading is not only looking at a chart or looking at an indicator and buying or selling. Trading has everything to do with sentiment of the crowd. Just 2 weeks ago Ripple was going to rule the world and now it got shredded because everyone who was going to buy had already bought. Now we hear about "This is the end" of BTC (Bitcoin) and everyone who was going to sell has already sold so now is the time to look at the
opposite side of sentiment of the crowds.
This is not financial advice, please do your own research!
and will stop the downfall. You can see the 20 day weekly moving average has stopped 2 other downfalls back in July 2017 and September 2017. BTC will need some type of double bottom (high low) to confirm that the downtrend is over and will launch to new highs. Trading is not only looking at a chart or looking at an indicator and buying or selling. Trading has everything to do with sentiment of the crowd. Just 2 weeks ago Ripple was going to rule the world and now it got shredded because everyone who was going to buy had already bought. Now we hear about "This is the end" of BTC (Bitcoin) and everyone who was going to sell has already sold so now is the time to look at the
opposite side of sentiment of the crowds.
This is not financial advice, please do your own research!