Time to just sit back, relax and waiting for a good direction.
started medio of November '17 and ended medio December '17 with an All Time High of $19,666.
Since All time high retraced ~70% to $9,400 - 9,600.
N/A, no clear sign of resistance testing. Short term trend is .
For short time ~$9,500 is being tested, touched ~3times. Will this hold?
To understand the bigger picture, look at the . Currectly the short term trend is still , secundairy trend is and even there is a possibility that the primary trend could reverse from to .
Based on primary trend it is retraced for ~70% since All Time High. If this support holds, which is just based on the long term retracement and being tested, than BTC is normalised and will continue its primary .
If this support doesn't hold, where going to take a deep bath and all wins will be gone. Primary trend will reverse from to .
So for now, just sit back and relax!
What do you think?