So, network phase transition (migration to asic) started and in progress. Like I said, better to stay in cash during this.
Whether asics are real or not, In any case we probably will get noticable downtrend.
So they are real and no big scandals so far. So miners which were sit on their bitcoins will probably start to order asics converting BTC to USD.
Price failing to break 61.2% retracement from $32 to $2 at 20.50 and hold above so far.
As long as it fail to break that level - we are still on correction from $1.99 low.
So
unless price failing to stay above 20.50, I keep this count prefered
Instead of direct movement lower $2 we may get some other correction pattern. Like triangle or whatever.
