BTC Decision Time

24 déc. 2017

BTC seems to make a 50 percent retracement hitting that fib level twice after breaching a new all time high. As you can see previously, BTC hits the 2 top fib levels before making 2 retracements to the 50% fib then taking off again. It has done this each of the 4 times it made a new all time high. As you can see from the top right blue box representing the current BTC trend, it looks to me that it has found its top and retraced once down to the 50% fib ($12591) and bounced back up and is currently going down again. We can see though that the candle has closed on the fib above the 50% meaning that at this point right now, there is a pretty even fight between the bulls and the bears. It could drop down to the ~$12000 range again but the wick of the candle could go as low as 10k. Trade carefully here if you are looking for quick profits. Also, another thing to keep in mind is the BTC SEGWIT2X fork on the 28th that should drive the price of BTC up some or at least prevent it from falling past the 61.8% retracement.

24 déc. 2017

Note

If you have any spare USD or USDT I would place a buy order ~12.5kish