I see a head and shoulders pattern playing out on the daily chart. I see a triangle forming with support and resistance that is reaching the apex. I see a possibility that futures contract expiration on Jan 26, 2018 having a huge impact on price direction, will the whales short bitcoin again or is another rally in order? Sentiment is all over the place IMO. We have broken through the .618 retracement and looking for the next support line, or will CME go long on bitcoin futures and we see an imminent price explosion? Time will tell.
I love the idea of crypto currencies, I love the idea of decentralisation and I truly love the idea of taking away power from the money creators. Will the powers that be allow this new world order of the people to thrive or will they destroy it while bleeding the HODL's dry and the speculators liquidated, meanwhile ushering in their own NWO with their own FedCoin Crypto?
Disclaimer - Just ideas of a novice trader learning technical analysis. Please don't use this as investment advise. Also any advise is welcomed! Thanks for viewing.
I love the idea of crypto currencies, I love the idea of decentralisation and I truly love the idea of taking away power from the money creators. Will the powers that be allow this new world order of the people to thrive or will they destroy it while bleeding the HODL's dry and the speculators liquidated, meanwhile ushering in their own NWO with their own FedCoin Crypto?
Disclaimer - Just ideas of a novice trader learning technical analysis. Please don't use this as investment advise. Also any advise is welcomed! Thanks for viewing.