This was picked up by our "Auto Lines" indicator at http://www.TradeIndicators.io. Seems like we're not the only ones who see this as a possible move. It's a huge dip but also a gold mine of a buying opporutnity.
Are we nuts? What are your thoughts?
The 2017 bull rally was dependent on new money coming in from an ever increasing supply of speculators; Since December, Bitcoin's three month bear market is not attracting new investors at any great rate and increasing regulation and taxation fears are making it more challenging to enter the market. The bottom could well come soon, but many charts indicate we are not there yet!
On the other hand, there are some great crypto/blockchain projects that are quietly making some pioneering developments and attracting big institutional interest, so over the longer term we may see some alt-coins jump dramatically as collaborations and partnerships are revealed - imagine the response if Apple announced it was opening a new istore on the Lisk platform?!
Lisk is a great platform as it supports Java (one of the widest used programming languages), but there are also a number of other great platforms competing in the space, some of which could potentially 10x in 2018.
However as @TradeIndicators highlights we are still in a bit of a bear market, so determining an entry point for buying long seems to be the challenge - hopefully all the charts on tradingview help us find the right path!