I sure hope that the good news stands too. I primarily look at XRP (fundamentally different to BTC) but it has been following similar pattern in the last few weeks. I think we can agree that there is an extended correction in the whole crypto market.
IMO the fundamental issue is there is not enough volume in the market due to seasonality and some FUD. Both the TA and FA should give better prediction when the volume picks up. I'm guessing that's going to be after Chinese New Year or when better access to the currency is established e.g. new exchanges, positive changes in regulations.
Also a learner here btw.
Yeah, pretty much the whole market has been following Bitcoin, so I've mostly been sticking to charting that at the moment. Definitely still correcting by the looks of things!
The other positive could be if we see another drop to the previous lows, because that could indicate a double bottom.
There's definitely not enough volume, you're right there! I've set my self a reminder to sell as much as possible in the first week of next year, because this seems to happen every January, and there will probably be a repeat. :-P
P.S. Welcome to Steemit @paradiddle! If you're still learning too, then check those guys out I mention above. :-D
Thanks! Will check them out.