long term xbt

Feb 8, 2018

I hear so much noise about bitcoin on a day to day basis, so I thought I should share my humble thoughts with you. Firstly, since we had the temporary top of $20000 dollars everyone seems to be panicking that Bitcoin has seen its last days. We have had quite a healthy correction to the 6000 dollar level. I still see some more room for a fall in Bitcoin to the 4000dollar region IMO(81.8%fib). Traders should patiently wait for the CBOE option expiration this month and for the next FOMC meting in March. We may see further strengthening in the dollar throughout the first quarter of this year and this will temporarily hinder the bitcoin price. If we meet these conditions, have your fingers ready on the buy trigger and wait for the next wave of crypto buying!