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RE: 12/28/2017 The Market View and Trading Outlook
I still bet that bitcoin floor in this correction is around $10k based on #20 and #22. From point E which had been reached already I expected another descend towards $13k (61.8%Fib).
I expect that level after some retesting will fall and more descending towards $11.2k (78.6%Fib) is possible.
We are descending from the clouds. I'm bearish a? Do you agree?
Kinda what I'm thinking based on the longer time frame charts. I would not bet my life on it but we should get some ok action up this evening maybe, then a fail yesterday evening or tomorrow a.m. not sure.. but I don't think we are our of the woods and headed up up up yet..