Quote from: Lyancy001 on November 14, 2017, 07:23:46 PM

Quote from: traderperspective on November 14, 2017, 07:04:00 PM

If any technical traders out there are looking at BTC, what do you see? I am not a technical trader, though I do know some of the patterns and retracement levels.
To me it looks like it tested 5500 two times but got rejected. Furthermore, it now looks like a W, so that we can (technically) expect BTC to go up again, unless we have to test level 5500 again.
What do you see?

You may have a good point there, but for me Bitcoin will always react to the news and FUD around it. I hope these dramas will end so that we could see our Bitcoin soaring again.

It will start climbing again once the uncertainty ends. Though the speculation is what caused it to climb in the first place. This sort of events is one reason I decided not to try shorting. It's really hard to read what would people do next.