orlinmyer

BTC Move Down?

Short
BITSTAMP:BTCUSD   Bitcoin
A break of $30,000 may indicate we are on trajectory back to retest the previous ATH.
Movement above $42,000 would give an opportunity to potentially see the $50-$60,000 range before a major retracement.
All eyes on Bitcoin.
Expect altcoins to also suffer if/when BTC breaks down, but then expect a major rally in altcoins once that bottom is reached and BTC restarts its rise.
Buying opportunity once we see a ~50% price correction in BTC.
Jan 17-21st seem to be the dates that my timing analyses keep coming back to over a variety of charts.
Personally, I think Jan 19th will be a telling day as XRP hits a low for trading availability on the trading platforms.
I’m looking forward to seeing what plays out in that 5-day span.
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