While most of the panic buying of the dip is stalling out. We remain cautiously bearish, expecting another week of choppy price movements setting up the next stage of a very bullish crypto run for 2018. Stay patient, and wait for high probability setups.
News:
South Korean Traders Show The Aftermath Of The Crypto Panic Selling of 2018:
Future Lightning Networks With Make Bitcoin Faster And Cheaper:
https://www.wired.com/story/the-lightning-network-could-make-bitcoin-faster-and-cheaper/
Bitcoin is still in a choppy range although the TTM Squeeze histogram has turned over the RSI remains flat-lined. We cautiously expect a move to the downside but it is still too early to tell.
The possible ABC pattern forming in Ethereum would mimic the decline expected in BTC.
