My 2 Cents Of Crypto 1/8/18 - Fundamental And Technical Analysis

It seems that today #BTC caught many traders with their pants down - unprepared for such a correction.

So what should we do? My personal opinion is an correction might continue, as the whole market shows bearish tendencies.

Curious about support lines which might indicate the future of this market? Let's check them:

Generally, we might see #BTC bouncing back to an 15000-15200 resistance area. If it doesn't break through that resistance zone - then #BTC is likely move down to 13800 - 14200. It's quite possible that #BTC will move down to 13000 - 12500 after that. Be careful, as when #BTC will bounce back - it might take only 30-40 minutes to fully recover. The best buy back zone is 9200 - 9650, but it's quite risky to attempt to catch the bottom.

What about #Altcoins ?? As practice shows, when the market is going through an significant correction - everyone is watching #BTC and you only start to see money pouring into alts only once #BTC stops correcting and day traders and some long terms HODLers dump for profits as the BTC price starts to become life changing for some people.