- BTC movement.
- Last night, BTC made recovery movement and now is moving sideway within are from 19,400 -19,700. I believe that, strong reduction will happen in the short -term, maybe 1-2 next days. Here these are some considerations:
1. RSI: Bearish divergence completed, RSI line also drop under 50. It is as strong confirmation that BEAR came back.
2. MACD: MACD line cut and moved under Signal line.
3. Candle sticks. Price closed under local support at 19,407 and upward's momentum is slowing down at fib level 0.5-0.618
BTC's movement will cause strong impact on alt coin's price. Knowing BTC will drop that create many SHORT positions with huge profit. I am scanning and find nice positions.
- Last night, BTC made recovery movement and now is moving sideway within are from 19,400 -19,700. I believe that, strong reduction will happen in the short -term, maybe 1-2 next days. Here these are some considerations:
1. RSI: Bearish divergence completed, RSI line also drop under 50. It is as strong confirmation that BEAR came back.
2. MACD: MACD line cut and moved under Signal line.
3. Candle sticks. Price closed under local support at 19,407 and upward's momentum is slowing down at fib level 0.5-0.618
BTC's movement will cause strong impact on alt coin's price. Knowing BTC will drop that create many SHORT positions with huge profit. I am scanning and find nice positions.
Comment:
Hi everyone, I still keep my idea that BTC will drop to deeper bottom.
