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RE: 1/1/2017 The Market View and Trading Outlook

in #bitcoin7 years ago

I don't know the answer to that question really.. .I think that money will at first try and flow to safe haven coins or attempt to find them. If and when they start getting dragged down, I could see money leaving completely to sit it out. I would not add to my position until I see a solid upwards trend on the 1 day if I'm going big so to speak. What I really really really want is the MACD weekly to go to shit, go red, do it's thing and get on with the show. When the weekly comes back green on the other side then it will be a good time to buy. What I am theorizing is that it will come close, but we may get a follow on buying period that lacks the gusto of the most recent one. Either way we need to either bring the moving averages up or the price down to find balance and a good hop off point. Neither of which will occur without time.

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