On Bitcoin day chart, we can see clear signs of upcoming correction - like 100% growth in only 2 weeks and so much overbought RSI. If it isn´t coming today, it will come in upcoming few days anyway.
But what will happen next? With bitcoin, this happened few times in the past and everyone was always unsure: is it just a correction, or is it going to continue?
Well, we have the same situatuion here now. Is it going to grow more or will the year 2018 bring hard times for hodlers?
I can´t see the future, but I see two possible options happening here, because there is coming also one fundamental into the game: the CME listing. The first part of correction should be same anyway - falling to approx. 8k zone and bounce back. This is supposed to be fast, because the listing is on 18.12.
We also have to count thet there will be a lot of investors coming before 18.12. to get the breakout while CME listing. If everything goes well with CME, January will be moon month for bitcoin and probably also altcoins, BUT:
We have heard that there can be some problems with BTC listing to the CME market. If there will occure one, the option 2 could happen: Bitcoin could fall. I am saying this only for you to get prepared for both possible scenarios - so watch the charts and news carefully for your maximum gains :)
But what will happen next? With bitcoin, this happened few times in the past and everyone was always unsure: is it just a correction, or is it going to continue?
Well, we have the same situatuion here now. Is it going to grow more or will the year 2018 bring hard times for hodlers?
I can´t see the future, but I see two possible options happening here, because there is coming also one fundamental into the game: the CME listing. The first part of correction should be same anyway - falling to approx. 8k zone and bounce back. This is supposed to be fast, because the listing is on 18.12.
We also have to count thet there will be a lot of investors coming before 18.12. to get the breakout while CME listing. If everything goes well with CME, January will be moon month for bitcoin and probably also altcoins, BUT:
We have heard that there can be some problems with BTC listing to the CME market. If there will occure one, the option 2 could happen: Bitcoin could fall. I am saying this only for you to get prepared for both possible scenarios - so watch the charts and news carefully for your maximum gains :)