Bounce on the 61.8 fib and candle got eaten alive leaving behind a nice long wick.
Ideal buys occured in green box.
Simple, clean, and efficient charting works best.
I am on Bitcoin . We will see a $20K-$30K Bitcoin soon.
There will be lots more new money coming in.... trillion dollar crypto market cap will get cracked in Q1 2018.
I am however upset that Bitcoin is not what it once was.
Today's Bitcoin is SLOW and very costly to move around.
I do not prefer trading BTC pairs for this reason. You lose not only money, but time as well.
For all the haters and naysayers....
"Bitcoin has "crashed" 30% SIX TIMES in 2017. Each "crash" has been followed by an increase of: 76%, 237%, 183%, 165%, 152%. Bitcoin takes 7 steps forward, 2 steps back, 7 steps forward, 2 steps back. Every 2 steps back is heralded as the end of Bitcoin ." - via @robertreidmd on Twitter (https://twitter.com/robertreidmd/status/...)
BITFINEX:BTCUSD Bitcoin will continue to shock the world and leave behind a bunch of people.
Do not forget that crypto is the first innovation that is not only a payments network but a "currency", or in other words, store of value as well. This will change the way we transact in the future. Mark my words.