About meI'm an entrepreneur in Digital Transformation (web, AI, IoT, DLT/crypto). My purpose is to support people and companies moving towards all things digital, to improve their productivity and profit.
Bitcoin still is in a long-term uptrend (green line), which has already been confirmed 3 times. Unless we broke that line, it is important to remember before making any price prediction.
The current downtrend, which started at All-Time High on 2017-12-17, is subject to more subjective interpretations.
Red line: If you consider the second high on Jan. 06, 2018,...
On this chart:
NASDAQ Composite (blue stepped line) for (loose) reference
BTC Moving Average (white: 50D, Orange: 150D, Yellow: 300D)
BTC Trends (Green: UP from lows, Red: down from highs)
BTC Fib retracement from 2017-12-17 ($19891) down to 2018-02-06 ($6000)
BTC Fib retracement from 2018-02-06...