Still looks bearish Short

BITSTAMP:BTCUSD120

Bitcoin / U.S. dollarBitstamp

Description

⋅ Jan 21, 2018 2:58 PM

No seesaw with alts. Alts are following on the heels of BTC for too long, isn't that weird?

Trade closed: target reached

⋅ Feb 1, 2018 12:52 PM

Bull's eye! Let's see if support is strong enough.

Trend Analysis BTC

Comments

NomeSobrenome

⋅ Jan 21, 2018 3:13 PM

Unhappilly, the crypto market relies on Bitcoin as a store of value.

UnknownUnicorn441476

⋅ Jan 21, 2018 3:22 PM

@NomeSobrenome, did I reject that fact? I'm trying to reason about price movement, then what's your opinion?

NomeSobrenome

⋅ Jan 21, 2018 3:29 PM

@kotansky, probrably BTC will continue to follow the downtrend, accumulate until February and go for breakout. During this time, alts can vary a little, Ripple especially.