Bitcoin BTC - Update Jan 29th, 2018

in bitcoin •  last year

We should have seen an end to this correction at 9250 but as yet the price action is not impulsive - it is choppy and sideways. This may mean that we could see a much more drawn out correction in the form of a triangle which would be bullish and would see BTC target 17K again. However until we see price action confirmation with a break above 13066 - we have to assume that there is still downside risk.

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Please check my thoughts on a crypto currency ecomomy.


I hope for a bounce to $15k for the cash-out and then lower low.