BTC has been dropping as part of a due correction... Next support is at around 8850 so expect the next flight there. Overall picture does seem bearish but short term, should go up halfway at least!
Comment:
Looking athe MACD and RSI, its a risky trade.
Comment:
As an indication of up or down movement, look at the altcoins and see if any of the big ones i.e., ETH/LTC/BCH are pumping... a good half a minute of these coins going up or down is an indication that BTC will follow.
I know usually these coins follow BTC but at times, these coins give an indication about BTC as wel.. its like mutual cooperation between big brother and siblings :)
I know usually these coins follow BTC but at times, these coins give an indication about BTC as wel.. its like mutual cooperation between big brother and siblings :)
Comment:
I don't think that dumping is serious, could be a bear flag or bear trap... should recover soon.
