It is still too early to ensure that the price of bitcoin will go up. We need the price to confirm in several ways that the price will really go up.

But it is very good news, that today Bitcoin has come up with a large volume at the 6k level. It will take a time of consolidation, before the rise up

Today in bifinexx, is the biggest highest bullish volume in the last years of the BTC, in daily temporality.

It's time to buy Bitcoin¿? I say definitely yesss. And you?

We put the Fibo covering the entire BTC graph. Today BTC is clearer.

- The Fibo level 38% match points 'a' and 'd'.
- The main trend and 61.8% match and today the price touched them. And match with c-b=e-d.
- Today BTC is en the best support, match with 'e' Elliot point.
- And last but not least, the great bullish volume¡¡ of today is equivalent to the bullish volume after China's past crisis in 15/09/2017. Today in bifinexx, is the biggest highest bullish volume in the history of the BTC, in daily temporality:

https://steemitimages.com/DQmfUxo7ZJLbbuUN4HY3tkUDMPtnVNw8m1Kfob4LJevsgQw/image.png


BTC has to consolidate the 7k - 8k, and then attack the upper part of the triangle (10k) and break the main bearish trend with great volume again.

we must be careful with future resistance:
9k-10k
12k
17k
20k


I would like to know your opinion

• we have the main trend right below.
• We are in 61.8% of the main fibonacci
• NEo has touched level 90 several times and has always bounced up.
• It is a great project that has much to grow.
• It coincides with the end of the fall of bitcoin these days.

The best time to buy it is in the range 80-100$.

In my opinion, right now NEO, is a great opportunity, to buy and hold until the end of the year:

https://steemit.com/neo/@kalmaxx/neo-is-in-great-support

Hold¡¡

https://bitcointalk.org/index.php?topic=2774011


The BTC price fell more than 50%, and the recovery will be hard. You have to be patient. BTC hitted the 9K and for me it is the final support. If it falls from 9K it will be momentary and it will recover above 9K quickly. I think a big recovery will be in middle of february.

Do not forget that we are still in bearish trend, I think we will come again to the 10K or 9K before climbing beyond the 15K.

If you have not bought, it is not time to buy, better wait until the price confirms the entry. It's safer.

Hi Andrey123,

I understand you perfectly. I operated forex and indices with Futures and CFDs, and it is impossible to know what the price will do in the future.

But in most cases a good technical analysis can help us make a successful trading.

I think that Bitcoin and cryptocurrencies are generally very undervalued. I think this year they will grow a lot, and this crisis at the beginning of the year creates a great opportunity to ride the big wave of cryptocurrencies this 2018.

I appreciate your advice. You always have to be alert when the market changes its main trend.


Gustavo.

1. 15/09/2017 - After CHINA CRISIS: The biggest purchase in the history of the BTC in a day. It creates the bottom of main Fibonacci
2. 12/11/2017 - A big correction, create the Main Trend with High Volume
3. 29/11/2017 - A big indecision candle, together with China Green Candle, they are the higest volume candle in all history from BTC. It marks the 61.8% of Main Fibonacci

4. 22/12/2018 - END OF YEAR SALES
5. 17/01/2018 - EARLY ANNUAL CORRECTION, inside the big triangle. Now we are in the 50% of this triangle. Today buy is good, but maybe we will have another good entry for: sell the car and buy again
6. 18/01/2018 - Today we are in a good suport:

• Main trend
• 61.8%
• EMA 200
  

If BTC breaks down this suport it can reach 8k. But soon it will recover over this support. Candle Judas.

7. In February... BTC will rise



I can't load correctly the image in the post, sorry