I drew the trend of BTC
for all of last year up until today. Since then, there have been 4 counter trends to our clearly outlined and proven bullish
major trend. While these last 4 counter trends have taken dissimilar amounts of times to return to an uptrend, they have all retraced by roughly 45% and continued to rise up. Time is very important when trading and while this, January's, retrace could continue, it's more likely that we will see a consolidation candle next week. Stability will probably return as it has in the first candle following the previous retraces and continue higher.