I hate to be bearish on BTC. I've been invested since I put my student loan into it during 2013, but my current outlook is leaning towards a bearish scenario.

Since reaching $14k we've hit four consecutive lower highs and $10k has now been tested several times. It begs the question, how long will it be until support is broke and BTC has a reset back down to the 8k or 7k region? For me this would be bullish in the long-run, it would spur volatility and excitement back into the market.

Here's an article I've written on my thoughts, I'll copy it below in case you don't want to click the link. Cheers guys.

https://coinrivet.com/bitcoin-tests-10000-level-of-support-following-fourth-lower-high/

Bitcoin’s two-month consolidation pattern is forming a bearish posture following a fourth consecutive lower high.

After reaching a yearly high of $14,000 in June, Bitcoin has slumped by more than 25% to around $10,000.

Since then, it has failed three times to achieve a new high, seeing rejections at $13,200, $12,350, and $10,950.

It is now currently grinding along the $10,000 level of support, which has been respected on numerous occasions over the past month.

A breakdown in price from this level would see downside targets emerge at $9,450 and $8,880, which was a point of resistance prior to the breakout in June.

The 100 EMA on the daily chart is currently at $9,800. This could be a point at which Bitcoin bounces as it did so before on August 15.

In order to trigger a bullish reversal, Bitcoin must rally above the $11,000 level as it would take out the upper side of the symmetrical triangle while also creating a higher high above the previous point of rejection at $10,950.

The daily stochastics are currently poised in a neutral zone between 52 and 59. A slump in price from here would almost certainly send it down below 20.

The last time the daily stochastics fell below 20 was on August 30 when Bitcoin dropped to $9,350. The time before that was on July 15 when price fell 30% from $13,200 to $9,150.

Currently, while there is potential for Bitcoin to bounce in the coming days back to the $10,500 region, the odds seem stacked in favour of the bears, with a test of the 200 EMA on the daily chart at $8,590 becoming increasingly likely.

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I tend to agree. Retail investors who got burned will probably only buy back when FOMO sets in above 20k. I think it's safe to say there's a pretty rocky path ahead for ICOs and altcoins as institutions focus on Bitcoin.

Interesting article here on how retail are still not interested in crypto (compared to 2017), even though price has risen by 320% this year.

https://coinrivet.com/lack-of-retail-interest-indicates-increased-institutional-flow-into-bitcoin/

I've got a good feeling about PFR, could see a similar gain to Confido but it will be sustained by a solid team and a working product. With the market cap so low this is a great opportunity.

Anyone willing to take $50k-$100k OUT of crypto to buy a CAR that will depreciate rapidly need their head examining. BTC and ICOs will continue to make a lot of people rich over the next 24 months, it's going to be interesting to see how this generation of investors, many of whom want to 'get rich quick', will spend their riches!

Clif High mentioned UpToken in a few recent reports, if you don't know who Clif High is he writes web bot reports based around predictive linguistics, he predicted BTC's rise as well as ICO's like Veritaseum, which went from $6 in ICO to $100, and Populous, which went from $0.40 to $12.

It was written that UpToken has great potential and a solid product, but it remains up to the team to deliver. After doing extensive research on the team and whitepaper I've got a strong belief that UpToken can bridge the gap between cryptocurrency and the mainstream, it will allow the average Joe and Jane to purchase crypto without having to go to daunting and often unregulated exchanges.

Give it a few months until CoinMe rolls out more ATMs and this token will be unbelievably valuable.

Feb 2018 we should see $1k IMO.

Received tokens from ICO. So far all looks good with this project, hold for the long-term and this will be a great earner.

Few trades already up on EtherDelta, but it's not been officially listed yet.

https://etherdelta.com/#0x6ba460ab75cd2c56343b3517ffeba60748654d26-ETH

Also a viable strategy, Paypie is a great projecy but still very early in development, Veri's time will come sooner I believe. Someone in the Veritaseum telegram group made some calculations using the VeriRental Beta and the passive income is huge even off as little as five Veri tokens, when people start to realise that, FOMO will well and truly set in and with just 2m tokens in circulation the demand will be off the scale. Accumulate while it's low 
 

Price is back up to 0.23 on ED with a few big buys forcing upward pressure, things are looking good for Veri, I imagine that a lot of people will soon take profits on PayPie and Populous to load up on Veri before Clif High's language surrounding January 2018.

Long time reader first time poster, I've been invested since a few weeks after ICO and I truly believe Reggie and his team will deliver on this Veri product, the development in the Beta versions so far proves they mean business, deals take time in this business so sit tight and by Summer next year we'll be wishing we didn't go all in at $90