The short mommentum is clear. We have been awarning this fell since its high in June.
Now, the retraction is certain but it won't last long. Maximum until the end of October, when the new race will be guided to the next fork in January
The zones for buying starts at 7250 till 5850.
Besides the sensation that the bulls are back, we are in a dead cat.
We still have three fundamentals to be tested:
1) The end of the year, which traditionally is bearish.
2) Chinese News Year in the middle of January
3) SEC decision about ETF in the end of February
The two first will bear the market until it reaches the bottom, happening between 10 January...
All possible outcomes for #btc this year.
At the beginning of 2018, the year end prediction was around $40,000 USD by December. However, the correction lasted longer than expected and almost half the
year has passed, turning the previous prediction quite unrealistic, as the price would have to appreciate some 400% in the next 7 months.
The logarithmic chart...