BTC: One more month of sideways action?
BTC is moving with 80 day long cycle, last cycle was negative ( late November ) and current cycle seems to be very weak, we already had rejection from 0.386 level and for now it's quite boring. Technically we are already in small 40-day cycle which should form a bottom between 2/9- 2/24. In the beginning of February, I'm expecting corrective phase of cycle and visit of Fib-extensions levels marked with 0-A-B.
Buy zones:
Fib ext. 500 - .618 @ 15335 - 14680
Fib ext. 618 - .786 @ 14680 - 13670
Regardless of price action pay attention to timing, second week of February should trigger some bullish impulse.
Support with XRP: rNCUtwqnsKa3k5poB5WYDirhwhcoyr9W7D
Buy zones:
Fib ext. 500 - .618 @ 15335 - 14680
Fib ext. 618 - .786 @ 14680 - 13670
Regardless of price action pay attention to timing, second week of February should trigger some bullish impulse.
Support with XRP: rNCUtwqnsKa3k5poB5WYDirhwhcoyr9W7D
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