After a few months of watching, reading, enjoying and learning from the sideline I decided it was time for me to start contributing too :)
And what better coin to start with than our beloved BTC .
I think it is safe to say that we are close to ending this market wide correction and we can try to look up, carefully.
I say carefully because we could break above 12K and still be in the (2 solid purple ) that has been bringing us down.
That basically means that there could be (many) falls breakout in the near future.
But I will only be fully again when we break above the 50 (in yellow), the 100 (in purple) and hold steady above 10K.
Its going to get interesting when we arrive at (E)
But I'm not too at the moment either, the fact that we finally corrected down to, and found support on, the 200 (in green) was more than welcome and quite healthy.
We didn't see the 200 in months. I would like to combine this happening now with the fact that January has been a calm and corrective month in previous years.
Not to mention the exuberant run up we had prior to where we are now.
Another good indicator is the slight increase in the last day or two, and we seem to have found some support on older (dashed green ).
The only thing that would worry me right meow is a drop below 5K. I don't see that happening yet, but Satoshi help us all if we do.
But what do I know.
Thank you for your time and good luck my fellow speculators