BTC/USDT
BTC is in a downtrend ever since reaching ATHs at $20000. Currently, BTC is below the Ichimoku Cloud EMAs and have broken below the previous support levels at $15400. Currently testing new support regions at $12700. Unless BTC is able to break above that trendline, and closes above the resistance zone at $15400, we could potentially see BTC continue downwards to $10500 regions.
photo source "https://www.tradingview.com/x/m7iiEAPY/"
What I said yesterday, Bitcoin coming down to my $12500 levels, on the ways then new levels again......................
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I'm with you on this. Given the end of the year, the major slug of "soft hands" joining the market, and new taxes/regulations starting in 2018... we are beyond ripe for a correction. I've set alerts and will be watching the market to buy again under $11k and holding some dry powder in case we get to $8k. IF (and it's a big IF), we get that low I expect a major bounce back when the markets open up after the holiday.
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