I personally don't see any reason to freakout. BTC went super parabolic in december and even before december we had one bull market after another. This consolidation is super important, just to go that super parabolic again. Believe it or not im 100% certain we will see a bull market soon like we know them from this summer, when we eventuelly bounce from 8900. I wish you good trading.
If u dont mind about bears, buy me a beer. 1EsiVswgwGhNwXPcQejb3os5r7LRUC1LX BTC Lb8HS7VP7bV83oXZ98rxrGhXTzWX9KJJWL LTC 0xa1fcced59c56566f8c3c788d1a7cfe41a0417b5d ETH, ETC, EOS
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Correction: My target is around 8900, not 9800.
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In the past 7 hours on bitfinex -8,43% on short positions closed/ 4% long positions opened
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Just right now when we move pretty Close (oh wait hit) 9k we just see more and more closed short positions and more Long positions openong.