I have been telling people to wait despite the recent bounce, and it looks like it was the right call. Bitcoin has taken a smack to the face and so I am expecting it and Ether to go lower for now. Make sure you do not get into a trade too early! Especially, with Ether. Remember, there is nothing really stopping this bad boy from going to $70. We have more or less broken all support. If we make a lower low, I am expecting $70. $5,000 is still on the cards for bitcoin . So, be careful!
Also, look at that candle. We have the same formation in bitcoin . This is a reversal candle. Beware.
Patience is a virtue.
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