We are waiting to see if bitcoin will recover from the FUD news about Korea planning to ban Crypto exchanges. This was most likely the cause of this small crash, but Korean banning the exchanges has not yet been confirmed. With this said, Bitcoin has a good chance to recover. We are waiting to see if bitcoin can maintain above the green trend line. If that happens, for me to feel like it's a bull run again, we'll have to break the 15100 resistance. If you want to buy now, it's a gamble but in the end we all believe in bitcoin. This could be a nice discount. Don't get carried away yet though, we are not out of the woods by all means. but we are headed in the right direction and hopefully this correction will be over soon.
Komen:
Bitcoin couldn't break the 14500 resistance. It's now trading under the trend line again. We are looking to stay above 12500.
Komen:
Bitcoin is currently trading under the blue trend line, that's a sign of concern. However, there is still strong support at the 12500 (on bittrex) and until it breaks that, I still think bitcoin can go on a bull run again. I personally have my stop loss set below 12500 for the past week and it has not been knocked out yet. I believe, if it were to break my stop loss, we'll be going to 11k, or even 10k short term. and maybe even head to the last uptrend which is currently sitting at 8.8k. Just keep your eye out on bitcoin. We are in a stage of uncertainty. Buying is really risky unless you set a stop loss to minimize that risk.
