Your old friend Bitcoin

Bitcoin is showing strength against all other coins still previous weeks I talked about this reversal. Now the trend is with Bitcoin taking ground from the rest of the market. Sentiment will shift with some alt coins down over 50%. I am expecting this will escalate quickly. Summary aside here are the reason to look at.

• Weekly RSI entered over sold and has clearly now turned the other direction
  
• MACD is showing a reversal signal. Both with cross over and with histogram.
  
• Looking at 0.618 fib level it acted as support for a long time I believe it will now be resistance.
  
• Reversion to mean at 50 weekly MA is very close to 0.618 fib level
  
• StochRSI is likely showing early indications of what market will do in next couple weeks. Looking back to June the crass in dominance never really got moving till StochRSI hit over sold.
  
• ETHBTC chart still showing Bitcoin out performing in next couple weeks
  

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