Yesterday I shared this on the Wirex Chat telegram group:
[Dec 21, 2017, 12:18:12 AM]:
bitcoin is set up on the 1 day chart for a dip
we could easily see around 14,000 in next couple days if this correction continues
that’s not investment advice just reading the charts
The 4 hour chart BTC/USD shows price is testing the Ichimoku indicator cloud. Future cloud is turned red which is negative. MACD is pushing up which is positive. So the market is making a decision.
The market did make a decision. We pierced the Ichimoku cloud and tumbled on down.
We’ve now hit that target of 14,000 shown in the first picture.
So it’s decision time again. Now could be a good moment to ‘buy the dip’.
But… with MACD pushing down on the 3 day chart we could be in for continued correction. The next support line is 11,800. Below that it’s 7,500.
Either way, when the market finds its feet again, it might be one last buying opportunity for all the people who thought 'If only it was $10,000 per bitcoin instead of almost $20,000, I’d buy some". Well, now’s their chance.
Bitcoin to the moon.