From the technical standpoint BTC is in downdraft, the dog(price) has returned to its owner (middle BB) and now is heading the other way without even making a head and shoulders: straight down... Technically we are headed to the mean of the trend at about $9000 level (for now) sometime soon...
BTC is attacked at every possible level right now: the rival BTC cash itself, the upcoming regulatory assault by the FEDs on all coins early on next year, the end of the year and selling to secure profits, and on and on. Pity the poor souls that bet the farm and bought at $19000 hoping for $100,000 by January 2018... Its unclear what the future is but at this point the attention (negative on all aspects) BTC (and all coins) has garnered wont be any good.... It seems all coins are retreating and the fact the smart guys are selling (founder of litecoin) is not any consolation either.. futures play their part of course too...
Right now I have a stop to buy above the last high of the last bar... should the prices rebound my stop to sell will be immediately in place...
BTC is attacked at every possible level right now: the rival BTC cash itself, the upcoming regulatory assault by the FEDs on all coins early on next year, the end of the year and selling to secure profits, and on and on. Pity the poor souls that bet the farm and bought at $19000 hoping for $100,000 by January 2018... Its unclear what the future is but at this point the attention (negative on all aspects) BTC (and all coins) has garnered wont be any good.... It seems all coins are retreating and the fact the smart guys are selling (founder of litecoin) is not any consolation either.. futures play their part of course too...
Right now I have a stop to buy above the last high of the last bar... should the prices rebound my stop to sell will be immediately in place...