This is another short scenario for bitcoin .
1. level for bitcoin 1D chart can go more lower
2. ETH chart can be serve as indicator of bitcoin chart
"the finale of bitcoin's correction = 1D touching some point" in past if you see the black circle at bottom.
currently bitcoin and etherium(including all alts) are moving same direction. so If the hypothesis that this movement correlation will be for a while holds, the fact that etherium can correct to below 700 dollar level tells us bitcoin can also correct to 8k zone in next few weeks.
maybe best time to buy bitcoin in good price could be at around mid feb according to rumors. let's wait and see if it's right.
now bitcoin is trying to move upward within consolidating tringle.
So now is really important moment, whether to decide bitcoin would go up over 13~14k or go straight to 8k
I'm going to wait see. when confident about the movement, let's be brave
when your mind struggle between two different roads, middle is always the best.
ETH chart correction possibility
I also agree on other traders if current price break resistance upward, It can go to 13~14k level in near term.
reacting properly to market is one of the important thing I guess
this is good for entire market!