https://i.imgur.com/jrUZNAO.png


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

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.

There's no one can really point as to where the price will move in the future. There are analysis that says bitcoin will go below $8K when the $10K wall breaks. However, it didn't happen and so far it looks like we are stable above $11K.

But we can't take away TA though, its really a good guide for us casuals who don't know how to read graphs and candle sticks and so on. That's why personally, I read all about those predictions and make my one decision.

As per OP, thank you for sharing your insights, I'm very optimistic that we can get over this another hump in the road and we see bitcoin rise again in February as you have predicted.

I laugh when I see "To Heaven (50K in May)", I do hope that you are correct.