I'm seeing with the way the waves has gone and the closing of last week and month, the price is going to drop taking off close to $4,000 from the current price. This maybe a major correction.
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The correction will tend to initiate this month but with minimal progression. As you see on the chart, dominance is more high compared with resistance so lets expect more demand to come. Traders who do short and quick trades would always benefit a good profit one its done in a right way. Avoiding wrong moves is a good action, because we need to hit the right path before success comes.
Many people predicating to see a dump in the market in February but contrary to that, bitcoin and altcoins are not dumping. I think we may see an extended bull market period without a significant correction. This is due to a lot of positive sentiments in the market and i think this time is different.