If we break the channel downward then we are heading to 8000. If the bulls win which I doubt then we head to 14000 correct and fire up again. the bounce from 800 should be much stronger though.
Clearly the CME an COBE affected the volatility of the digital currency. The High volume started right below the rectangle on the chart and the contracts on CME will expire around mid jan. So the big picture sees a little drop and huge gains in the future up until 25k then slower and slower volatility due to high liquidity. that maybe a good time t move to other...