My bet? Down... or a little rise to 3.8k maybe... to do a ABCDE triangle which normally breaks down...
Reasons that it probably is going down, more money going out of the market because of ICOs cashing out and traders then there is money entering the market through speculation, adoption and enterprises, also buyers are exhausted and trying to pay their 2017 loans... the only thing imo keeping us up is the 200 weekly EMA, which imo doesn't have enough historical data to be a good support...
And the perfect time to buy in is pretty easy to spot, just wait for the reversal of the market which is clear as day using trendlines, we might miss the bottom by a little but at least we wouldn't miss it by a lot!
I don't like to make "ads" on other people's posts, but if you want you can check out my last two posts since they are about this topic, but I think i summed it up here pretty well
Looking like you may be right thus far... price appears to be breaking down. Interesting to see if it is a 'headfake' or not.
headfake ahahah now that's a new one to me, I normally call them bear traps :P Let's wait and see... meanwhile, I'll keep saving money and earning steem until the reversal