Last time we saw 7 straight red volume days on the BTC/USD chart we saw BTC retrace about 36%. This happened on September 8th - 14th.
So far we had 6 red volume days and the price retraced to the same 36%. From $19,800 to $12,700.... In my opinion the next couple days will be critical to see where we are heading....
The drop from September took about 30 days to recover and make new heights... If history repeats itself we should be having a BTC all-time high again around January 18th - 25th :P
The first signal for this trend will be getting a big green volume candle in the next couple days (December 22nd or December 23rd). In case no volume shows up in the next couple days we might be looking at $10,500 BTC.
So far we had 6 red volume days and the price retraced to the same 36%. From $19,800 to $12,700.... In my opinion the next couple days will be critical to see where we are heading....
The drop from September took about 30 days to recover and make new heights... If history repeats itself we should be having a BTC all-time high again around January 18th - 25th :P
The first signal for this trend will be getting a big green volume candle in the next couple days (December 22nd or December 23rd). In case no volume shows up in the next couple days we might be looking at $10,500 BTC.