UPDATE: BTC price direction. Tell me what u think?

Jan 23, 2018

Thanks for all the comments.

BurakTuran: Thanks for your comment. Since the market is too weak to reach 14k which perfectly makes sense, the next resistance would likely be again around 12600 (strong resistance price line). From that point there are two scenarios: (1st scenario) price has to go down to 6k (first strong support price line) and (2nd scenario) it will go down to 5k.

I've updated my idea considering your point BurakTuran.

Tell me what you think folks.

Jan 23, 2018

Note

That blue line crossing price lines got to my chart by mistake and doesn't mean anything. I just didn't notice it before publishing the chart and there is no way now to edit it. Please skip this Idea and move to my next one on which I removed the blue 'nonsense-line' :)