Depends when will newcomers to crypto (NOOBS = New Order Of Blood) start buying. Because most of smart crypto money are allready turned into so long called shitcoins/altcoins ( alternative coins) with bigger potencial for not only daily use
BTC lost his dominance from position of 68% into "poor" 43.5% in very short time.
Stucked mempool https://blockchain.info/unconfirmed-tran... with 200-300K stucked transactions and artifical fees + arise of banks XRP and BCH are not helping ( These two are just small pice of the cake )
Thre is much more promising,cheaper,faster and smarter blockchain & tangel ;) projects which will BOOM in 2018 same way as BTC did in 2017
All these weapons are giving hits to Dragon aka king aka BTC ( https://halongmining.com/shop/dragonmint... here is another one )
I think from long term view BTC will keep growing on the price as so called Digital gold because it´s catalyst for lot of new people to altcoins ( PS: Best way is to mine some ) but as the alternatives are growing Our blockchain AOL is slowing in the grow. Keep also in mind GOLD = 7.7 Trill. USD ( Potencional for final BTC marketcap ?) / Cash 128 Trill. USD total valuation ( Potencional for the rest of altcoins splitted between them all in the future?)
My TA trying to vizualize you how BTC reached peak(wave5 from long term view) and turned into Big correction meanwhile BCH is arising (should alts finally with it ?:) thanks to ViaBTC exchange allowing BCH/pairs trading from Janury ? or should I say ViaBCH ? http://www.cryptoanalyst.co/2017/12/10/b... )
Green - BCH/USD Wave 3 (Strong)
Red - BTC/USD Correction C (Strong)
White BCH/BTC Wave 5 (Final ?)
I think this is the well timed action when banks can´t shut the crypto so they´re trying to at least moove into the system and manipulate it threw the banks.
Christmas Holidays are perfect time for them as we can´t deposit money for buying and they know we´re going to spend time with our famillies not paying too much attention to market.
If you find this helpfull tips are welcome in DOGE /XLM
I wish Jolly Molly nice Xmas & awesome time spend in peacefull mode with your family to all of you Traders/Investors/CryptoChat trolls :)
Trade on your own risk ! This TA is for vizualization purposes only
I can´t predict the future because my crystalball was stolen by Harry Potter !
Aka vizualization how banks overbought crypto threw BTC+XRP and now turned profits into Gold,Silver,Oil ...
youre maybe right.. there are big whales out there. but I'm not quite sure if its the "banksters"..