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So what will likely happen today? We will have some sideways price action and run up to $11,500 or $11,600 where it will most likely meet resistance as sell orders from traders looking to get out begin entering the market. From here expect a good drop to around $11,000 and back up again, bouncing in a tight range like a plane with one engine out struggling to gain altitude. At a point late this evening or in the upcoming day or so expect some solid volatility as the other engine begins to struggle and it loses altitude. I cannot accurately predict the exact when, but only the result which will likely be what I described yesterday.

“We have yet to have a real correction according to the one and three day charts; they don’t lie. Volume is drying up and a notable faith testing shakeout is once again around the corner. Applying Fibonacci retracements to the 12 hour time frames on BTC starting at the $8800 low of the last dip (11/30/17) and moving to the current high of $11,900; we could see a pullback into $10,400 levels if bullish mentality holds. This is commensurate with the low closing price of $9600 (11/29); it being a 50 percent retracement of the run from $7900 (11/23) to $11,400 (11/29). Applying a 50% retracement to the 3 day chart starting at the $5400 low of 11/10 gets us to $8637.”


https://steemit.com/bitcoin/@pawsdog/12-4-2017-the-market-view-and-trading-outlook

https://steemit.com/steem/@revelationquotes/the-random-cryptocurrency-challenge-bitcoin-gold-or-date-5-dec-2017-or-win-50-sbd

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