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Re: CuriousWon post# 297

Monday, 01/01/2018 10:40:21 AM

Monday, January 01, 2018 10:40:21 AM

Post# of 449
CuriousWon, It's still early, but some stability is returning to the crypto charts after the big correction. The charts are beginning to look interesting again for bulls, although some additional sideways base-building would be healthy. There might be another down leg, but the charts are looking a lot better.

Litecoin tested support at 210 and so far is holding. If 210 fails then next support on the chart is 150.

Bitcoin is near the upper boundary of its support band of 12000-13,500. If this fails then next support should be 11,500 and then 10,000. The chart is definitely looking better, but still too early to say that there won't be another down leg.

The Ethereum chart looks strongest and appears to want to go higher already, but that may depend on what the next move is for the sector generally.

Should be an interesting 2018, especially with war looming with N. Korea. After the Winter Olympics in South Korea end in Feb, the big annual US military exercises begin in March and that's when the war will likely begin, barring a miracle. Should be a wild crazy time for the world and financial markets, and how the crypto sector fares is anyone's guess..






























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