Absolute bottom 0.618 fib. Sharp Correction, mostly means a consolidation phase before moving up. Expecting consolidation until end of Q1 2018. in the mean time we can expect FUD news or even positive news.
''Many have also talked up the potential of cryptocurrencies in 2018. Julian Hosp, co-founder of TenX, a firm that wants to make it easier for people to spend virtual currencies, told CNBC in December that bitcoin could hit $60,000 in 2018, but could crash first. And Dave Chapman, managing director of cryptocurrency trading firm Octagon Strategy, said that bitcoin could hit $100,000 in 2018.'' - cnbc
Titans Grip boys.
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0.618 fib level is the limit boys
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daily 200 ma rests on that arrow
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the btc upward trend started at 150$ 2015 August, also the 200ma started moving upward. which broke the downward trend started in 2013. The 200 ma currently rests at plusminus 7800$, with a strong fib level 0.382. makes you think how strong this support is. Also some ppl predicting that btc will go to 4k,2k or lower. Keep in mind this is technically not possible because on that way to those targets are different support levels that need to be exhausted.
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ill be exiting all altcoin markets if it goes below 7k and converting everything into btc.
Why would you exit all alts? What if the alts are at a lost? I am sorry I am asking advice, I am new in this market and I am sure you have good reason for doing so because you know how the market interacts however I lack that experience being new here and would like to gain some light on what will possibly happen. Are you selling alts to BTC at 7k in anticipation that BTC would go up? will the alts drop even lower when that happens?