HI all, Crypto sludge here.
So seems lots of people panic sold, after the "Korea BAN crypto" FUD. Which obviously is not true, they said since Dec 13, that they will regulate the crypto market, and the only exchanges that will be banned are those that don't follow the regulations.
From then
And from now:
https://www.ccn.com/south-korean-ministry-of-finance-does-not-support-cryptocurrency-trading-ban/
So what are my thoughts on the price?
On the 4H chart, we are seeing good volume sizes, and StochRSI is abotu to dip into the oversold area, i would watch for a possible test of the 12k support and a bounce from there.
We also must remember that a BTC difficulty re-target is in 2 days, and i expect some more attacks comming from the BCH side, both in hash power, mempool spam and price action.
I am still very bullish on BTC, but we have some choppy water ahead of us.
Stay strong!
Trade ON!
Crypto Sludge