Earlier, by using Gann Theory of forecasting method. We forecasted BTC to be below 10,000 level in between mid to the end of January 2018.
As we are entering the mid of January 2018, we are seeing the price of BTC is currently trending down and currently trading in the daily cloud.
Looking at the daily Ichimoku on BTC, we clearly see that the resistance and support currently stand at 15300 and 12600.
A break below support at 12600, will surely pull BTC to go lower toward 10000. For that matter to happen, we will need to see the price of BTC to break down and close below the support of 12600.
Lets just see if its goin to happen as forecasted.
(This is for study purpose of technical analysis)
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