LOOK AT THIS CHART WITH GREAT ATTENTION TO DETERMINE ALL POINTS
This analysis has been constructed after looking at 5 Year historical analysis, analyzing news w/ trends from 2012 - 2017
We have gone by 2 bounce off points which are shown in white lines. We will be app arching 3 more potential renounce point with potential to end this reversal. What does that mean? That means that we have 3 more points on the chart at which point the price will go up in short term, and then continue in downward trend until next point of bounce potential. These 3 points all have potential to end reversal. That means that price may continue rising up which would confirm end of this correction. Please note that each of these points have less then 60% chance to see bounce with correction completion. We are however 80% certain to see bounce of some kind on either of those 3 points.
Quick Note - (RSI, MACD, MMAR, MOMENTUM are all looking bearish in short term - this month)
Finally we have our last target at $2,950. This is the point at which we believe correction will have to end fully, if price does not change direction before. This is our high demand zone, and if we look at order charts, there is over $90 - 125 Million of Dollars Buy Orders put in place at that point. It is also our firm support. We will approach that target by February 20 - 29
We will see huge price hike. Bittrex has gone out to notify us that they will be launching USD deposit feature on their panel and opening new user registration. That is huge if you don't already know that. Not only will that allow existing users to begin USD deposits, but it will also open doors to millions new investors to come into this crypto currency market. Then we also have an exchange Robinhood coming out with Bitcoin, Ethereum and few other coins available for trading starting this month with few states, and then expanding through out 2018 Q1-Q2 which will result in total market cap going over $1.75 Trillion Dollars by end of this calendar year.
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Never invest what you cannot afford to lose. We are not your financial advisors.