For short term. It's heading to 200. If it hardly pulls back to 140, there may be a chance to see the bottom at the price $30-50. If it just pulls back to 180 and starts rising again, there may be a chance to see the price $350. Good luck!
Just another thought. If the whole down trend (year 2018) is the ABC correction wave, then 3,100 may be the bottom. And we are at the very first wave to go up to 5,800. Then after that we will come back to the very strong base 4,200 to test it (could be wave 2).
One more push before a big massive dump
Here is the general look of bitcoin over the year 2018. We expect to see the bottom in mid 2019.
BTC IS AT WAVE 4. WE WILL SEE A LONG WICK WHEN IT GETS TO POINT E BECAUSE PRICE MAY DROP TO 2.4K-3k, THEN GET PULLED BACK ABOVE THE 200 MA.
ETH correction (wave 4) may be a triangle (ABCDE), then goes down to $80-$50 (wave 5).
We are still in the wave 4 correction.
WAVE C WILL BE REJECTED BY THE 200 MA (DAILY), THEN GOES DOWN TO 2.4K-3K.
ETH is pulling back to $130-$120, then going up to $180-$200 to complete wave 4.
ETHUSESHORT has been confirmed. It's time to pull back. whoever bought it from $80 ish, take profit now.
We may see ETH gets to 160-170, then big drop down to $70
ASCENDING: TOP FLAT, BOTTOM RISING.