I confess that there is very little of the bitcoin world, blockchain etc ... however, I have noticed that when the bitcoin goes down, it is like when someone goes back to take impulse and run much faster forward and goes so far that nobody can reach it.

Since there is so much FUD in the market at the moment, I have reduced my portfolio to mainly EOS and STEEM as the future of blockchain technology. I was never a fan of BTC and wish it would be replaced by another scalable and stable coin - it´s simply annoying, that all altcoins depend on a dying technology like BTC.

BTC needs another lower low to complete ABC correction so that all the sellers are weeded out. This will give enough momentum to raise prices to new ATH. If not the rebound will be too weak and we will end back up here. Might as well get the low done now and then a nice bull run

"this line gets breached"...you talking about the blue line $11,021?

On Sundays there is on a regular basis this downtrend around the +-4 hours you perform this post. Are you going to perform an update in 8 hours ?

More that 10000$ BTC don't go!

I agree with the analysis and I contribute the important inflection points in my opinion (G and F see graph)
I see at this time a very complicated ascending channel, with many resistances (A, B, C and D see graph) and few bulls, to be able at this time to define a clear trend

![Captura de pantalla 2018-01-21 a las 12.07.05 p.m..png](https://steemitimages.com/DQmbVJRi2NNmLCs1KqzdtQPX9sjV9sMfQzJAVjUM4yCHVf3/Captura%20de%20pantalla%202018-01-21%20a%20las%2012.07.05%20p.m..png)

Where it is going to matter more to keep under the btc so that those who sold the future contracts earn a lot of money, while we small savers are trying to see where the btc goes to maintain our investment.

Decent analysis.

In your charts, can you add your user name and the steemit website in the right bottom corner.

good to see your analysis - i reckon if it drops below 7500 i will buy a lot more -- at the moment i reckon it is set to gradually climb back towards and above 16000 - upvoted for you -David

The bankers with their BTC futures will cause it to drop to $5K so they can then buy on the cheap for themselves.  Remember that's what they do with the silver and gold markets.

looks like the bulls still have breath and are alive the minute I'm writing! retesting 12000 as a support

Who are the bitcoin bears? I see only posts about how btc is going up to the moon. How come no one is posting when to short it?

Yes, yes. Placing stoploss orders to somewhere $11 400 can be an option, if you play for bulls.

For me A-B-C red scenario is now very realistic (trading view idea is behind the image) and that is what you consider as a wave 4 :
<a href="https://www.tradingview.com/chart/BTCUSD/U9Sb1dkb-Double-ZigZag-or-the-1-st-wave-in-the-impulse-Fibo-levels/">![abc scenario.png](https://steemitimages.com/DQmdzmMbaUJDSRHRWFjHVZbeSLZih7zsuwYaMDTaVrNrL45/abc%20scenario.png)</a>

Thank you for the updates, @ew-and-patterns. Following you.

If BTC drop to 5k it will mean one hell of a launch back to higher end and then a push to ATH. I wont be selling just adding to my position. Thanks for the analysis

Squeaky bum time ahead then :)

Good post @ew-and-p
Like help me please

Good post @ew-and-p
Like help me please

I just love it sir..... Thank you sir for sharing Outstanding perfomance for bitcoin... Thank's for sharing.....

Well never everything will always go up. We are not far from where you made the inflection point. Wondering if it maybe best ways to mitigate one's crypto portfolio from damages? Move into tether? altcoins?

Like your post but don't look like bitcoin going down to 5000

I don't think the bitcoin losing value would be such a bad thing. 

It could leave room for alt coins to grow more.

Not so good for BTC holders....

great to see your examination - I figure in the event that it dips under 7500 I will purchase significantly more - right now I figure it is set to step by step move back towards or more 16000 - upvoted for you - David

bitcoin bounce to 20K soon

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i'm bearish too for now

Well, so let's get some more Bitcoin as long it is on sale!

I'm really hoping for some sideways movement. It won't go sideways for a long time. But a more complex correction would be nice.