On January 17, 2018, BTCUSD entered todays Pivot Point System with the Pivot point at 10942. Bulls and Bears are in an equilibrium and the situation is undecided. The swings around the Pivot point are getting shorter and shorter. Because of the short swings and the wide spreads, it is no more profitable to trade the short swings.
If things develop like in the previous years, we will see an upwards movement in February. However, the way down to 9005 and 5568 is still open. Up or down? Never forget that there is a third way: the actual sideward movement continues with short swings only. Maybe that too many Bitcoin traders and investors turn their back on Bitcoin and turn towards other, more sophisticated coins.
By the way, on January 31, 2018, there is the launch of the Futurocoin. It is traded on the BitBay exchange. It is a payment coin and a payment transaction lasts only 4 seconds. Never before waited such a huge community for a new coin like the community of the Futurocoin.
If things develop like in the previous years, we will see an upwards movement in February. However, the way down to 9005 and 5568 is still open. Up or down? Never forget that there is a third way: the actual sideward movement continues with short swings only. Maybe that too many Bitcoin traders and investors turn their back on Bitcoin and turn towards other, more sophisticated coins.
By the way, on January 31, 2018, there is the launch of the Futurocoin. It is traded on the BitBay exchange. It is a payment coin and a payment transaction lasts only 4 seconds. Never before waited such a huge community for a new coin like the community of the Futurocoin.