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      "body": "![whats next for bitcoin.jpg](https://steemitimages.com/DQmY5e15PLJxHsWndj5SxKtvzcGUhK9pDRYnNqVV3snA9d5/whats%20next%20for%20bitcoin.jpg)\n\nSo far this year there has been a lot of FUD around Bitcoin in particular causing a big reduction in price. From it's near $20,000 per Bitcoin price in December as of today the price is at around $7,500. \n\nThe way I see it there are currently 2 scenarios for the price of Bitcoin:\n\n![](https://steemitimages.com/DQmQD1tNcW1Z5SQvcxKoZr9H9ShuBpQWbgevckLB6H8hvXe/image.png)\n\n### <center> Scenario 1 </center>\n\nLooking at the daily chart above we can see that a wedge if forming, some would say that this is a bullish falling wedge as it's in a downtrend. However I would consider it a bullish wedge only when it breaks the descending trend line as demonstrated in the chart above.\n___\n\n![](https://steemitimages.com/DQmcvQToK7v1UxWBa4akhWtqguSh6pKc2DqMsuqxms5xR7o/image.png)\n\n### <center> Scenario 2 </center>\n\nSo the next scenario is a bearish one and this would be if the price was to break through the ascending support line. I would expect the bulls to be waiting at the next strong support area at $3000\n\nI am bullish on Bitcoin especially with the developments of the Lightning Network so I think that by the end of the month scenario 1 will occur where the bulls will take control and push the price through the descent trend line to the upside.\n\nHowever, if there continue to be more negative news regarding Bitcoin then next month may be another bearish one.",
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      "body": "![](https://steemitimages.com/DQmNdFYe4sq5GCBTGYeCZpxuqrsYmyAy6xzHVfJGGtd73fA/image.png)\n\nLooks like Bitcoin price may be heading to 'oversold' on the RSI potentially creating a double bottom at around the 6900 price point.\n\nIt certainly been on the downtrend after crossing below the 20 SMA for an overall 24% decline so far this week. Other cryptocurrencies have followed suit with an average of around 10-20% decline.",
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      "body": "Great post! I'm so jealous haha I'm going to start scuba diving this year, you've inspired me! Keep up the good work, \n\nAndrei",
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      "body": "Hi Thank You",
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      "body": "Hello and thanks for checking out my post, welcome!\n\nSo lets have a look at the BTC daily chart below. As you can see it has formed a double top where the price has rejected the 11600 resistence line and has started to retrace, most likely it will continue to retrace below the 20 moving average.\nI am currently bullish on BTC after it broke the important descending trend line, unfortunately it didn't make a higher high after that but it did make a higher low bouncing off the 9300 support line as you can see in the chart below.\n\n![](https://steemitimages.com/DQmcb6bhcQk7KARAAQZ5o3ML5WuXxEqE5f2QAaJ5aVCFWq9/image.png)\n\nSo now looking at the BTC 4 hour chart you can see that there would have been a nice little trade setup as the price broke below the 20 moving average. However, as I mentioned before I am bullish on BTC therefore I am looking for a good buying setup, for this I will check the Fibonacci Retracement tool to see some good retracement levels.\n\n![](https://steemitimages.com/DQmZdWgmkBWou3gLw4isFdZAczyeKQ4RKGsRu7Ny8Zgm9Ct/image.png)\n\nAs you can see on the 4 hour chart below I have mapped out my Fib Retracement from the previous low of 9300 to the recent high of 11600 and I am looking for the price to retrace to the 51% area. This is because I am looking for the price to make a higher low indicating an uptrend. However if the price does break this, then the next key support area would be the previous low of 10300 or 61% range on the Fib retracement.  Either way I will continue to monitor the price and only enter a trade once I see a good enough buying setup.\n\n![](https://steemitimages.com/DQmfZbzr9kofRSBceGojnhd1sp9MzNxuQhyiNsXWtyNj5uw/image.png)\n\nI will keep you guys updated, stay tuned!\n\nAndrei",
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      "body": "![](https://steemitimages.com/DQmZc1sq9yTqr2vxg2ddQWtPCHQ2hNc4RyLn2eGFxgSLxkG/image.png)\n\nA big congratulations to this years Arnold Classic Champion William Bonac!\n\nThis is Bonac's first Arnold Classic win coming hot off his 3rd place placing at last years Mr. Olympia contest. He beat off some very stiff competition from the likes of last years winner Cedric McMillan, 47 year old most winningest Arnold Classic Champion Dexter Jackson and the massive Roelly Winklaar.\n\n![](https://steemitimages.com/DQmRxaHRfFT17BwBQv3tTZktdXwWf6RsrLPjNf7CJYxuD7H/image.png) \n\nDexter Jackson came into this years Arnold Classic looking for his 6th victory! He had previously beat Flex Wheeler's record or 4 after winning his 5th title. However this year he had shown some vulnerabilities such as his abdomen being a bit distended which is uncharacteristic of him and his left biceps and triceps looked underdeveloped compared to his right, again also uncharacteristic. With that being said he still looked great for a 47 year old and took 2nd place.\n\n![](https://steemitimages.com/DQmYkcUkj5cqUTAGa6WmT6LoRbHG9T1fBb8qpKAPbSz5FNY/image.png)\n\nRounding off the podium was last years winner and fan favorite Cedric McMillan. Cedric looked great this year however Bonac and Dexter came in with dryer, grainy conditioning which helped them place higher. \nCedric's conditioning has always been questionable however when he won last years title many thought that he would carry the momentum through to last years Mr. Olympia in Las Vegas. Unfortunately this did not happen as Cedric slipped up on his conditioning and ended up in a disappointing 10th place. Needless to say it was a pleasure seeing him come back from that and nearly nailing his conditioning at the Arnold this year.\n\nIn 2 weeks time you can see Bonac, Cedric and Winklaar competing again at the Arnold Classic Australia along with the legend himself Kevin Levrone coming back after a 2 year absence.\n\nThe Arnold Classic Australia will be on 16th to 18th March 2018 and will feature these great athletes:\n\n![](https://steemitimages.com/DQmaFdUW3YKCCyjj5XeCrK8NH5UBfEtWJWYKHHiGM2a6RaZ/image.png)\n\nSo once again congrats to William Bonac and lets see if he can repeat in Australia!\n\n![](https://steemitimages.com/DQmYSPfSEXwLNhVbqbftKH4aGooVimJjBcMdH1bNRnEvWuC/image.png)",
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