In retrospect, this fall from BTC certainly makes some sense.
Hopefully its the start of an accumulation range at about 10K and alts can get to cooking.
January in the past has been rough for BTC, -44% in 2015, -22% in 2016, -33% in 2017 and then now a huge pullback of 50% early in 2018, certainly something to note for the future.
RSI is really oversold and the volume is quite impressive. If you wanna catch a knife it would seem like about the 2oo EMA would be the bottom in most of the worst case scenarios.
This unfortunately is probably a bloodbath for newer users in this sector particularly as they likely bit at the top of many currency's over the past weeks. Hope this isn't any of you.
GL with your trades, not advice and DYOR.
Hopefully its the start of an accumulation range at about 10K and alts can get to cooking.
January in the past has been rough for BTC, -44% in 2015, -22% in 2016, -33% in 2017 and then now a huge pullback of 50% early in 2018, certainly something to note for the future.
RSI is really oversold and the volume is quite impressive. If you wanna catch a knife it would seem like about the 2oo EMA would be the bottom in most of the worst case scenarios.
This unfortunately is probably a bloodbath for newer users in this sector particularly as they likely bit at the top of many currency's over the past weeks. Hope this isn't any of you.
GL with your trades, not advice and DYOR.