Yesterday's idea mentioned that there was still room to fall, and we did end up sub $8k, but I'm still not sure if we'll dive down to the same levels as the last crash, we'll see.
Looking at the 4hour charts and comparing to last time we were in this price area, the 4hour candle sliced through (see highlighted circle and yellow line), this time it seems to have stopped here for the time being.
The only negative news out there at the moment is regarding ICOs at a hearing in the US: Strong Words, Little Action: ICOs Draw Fire at US Congress Hearing
That said, there will be more fear and panic now that we are below $8k again, and I'm hearing the same pessimistic targets being mentioned by many.
Looking at the 4hour charts and comparing to last time we were in this price area, the 4hour candle sliced through (see highlighted circle and yellow line), this time it seems to have stopped here for the time being.
The only negative news out there at the moment is regarding ICOs at a hearing in the US: Strong Words, Little Action: ICOs Draw Fire at US Congress Hearing
That said, there will be more fear and panic now that we are below $8k again, and I'm hearing the same pessimistic targets being mentioned by many.