Quote from: traderperspective on January 18, 2018, 11:24:52 AM

Do you think we've seen the worst of this dip for now?
Bitfinex cryptowatch shows the lowest deal on BTC for this time was 9,231$ which was just about a Fibonacci retracement (almost on point). I am not using TA normally, but I am considering it when thinking about the market. For now, it looks like the worst is over. This dip might be a healthy thing for the market, and CAN be the catalyst for another run-up.
What is your take on the situation?

Not by a long shot. This correction would go on unless some big whales or financial institutions once again pump the price. We may have seen that the price is on the positive side, but I'm still crossing my fingers and hope that in the succeeding days, everything is over and market will go on a bull run.

Quote from: shulio on January 18, 2018, 02:30:41 PM

Short time trend is upwards but the danger is not over yet. The price may still go as low as 7500-8000. If the price passes over 13500 with high buying volume, we can say it is over.

So today is critical, if we see the market test $12K today then it will be just a matter of time to get to $13K. But its too early to really call that everything is back to normal now. All we can do is just wait it out for a bit.