In the short term we can see BTC moving in a clear . We are seeing past support holding right at 11,200. This appears weak, and I expect it to break. It appears we will have lows somewhere around the 26th(+2) with a price of around 9800 - 10200. Afterwards I expect a reversal to the side between February 2nd and February 4th as we reengage our ascent on the ascending major trend-line. With slower sell offs we can see the MD indicating a slowing down of momentum. In the short term, it is difficult to see anything other than BTC being the play here.
Today[s candle shows market indecisiveness. Look for the location of the next candle to determine what direction we are going in. As originally stated, I am expecting upward movement from here.