BTC has tried to cross the resistance at 17.270$ for three times and fell back. This is a negative signal and we should be aware that BTC now could test the lower support at fib level 78.6 (13.600$).
This correction wouldn`t be a crash - the general trend would be ok. (see trend channel in green).
The last price-explosions came from the anouncement that BTC-Futures are and will be listed at CBOE and CME (dec 18).
They´re not physically backed. So they don´t have a direct impact on the course. It´s been only the expectations of future gains that rushed the price upwards.
MACD and RSI are still in positive terrain - but turning.
This correction wouldn`t be a crash - the general trend would be ok. (see trend channel in green).
The last price-explosions came from the anouncement that BTC-Futures are and will be listed at CBOE and CME (dec 18).
They´re not physically backed. So they don´t have a direct impact on the course. It´s been only the expectations of future gains that rushed the price upwards.
MACD and RSI are still in positive terrain - but turning.
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