BTC - My opinion: Correction over for the time being

BTC is dragging everything with down with it.
So, when does the reversal happen?

-->We are oversold all the way up to 6 hr chart
-->We touched EMA50 on daily and bounced back
-->RSI all the way up to 6 hr chart showing signs of reversal

All in all, I think the correction is over in the short term.

Of course, cryptocurrency market is especially volatile and unpredictable. We must keep in mind that anything can happen and our best job is to react accordingly.

Comment:

I had a really simple reasoning for buying LTC a few hours ago. I am interested in hearing all of your opinions on this:

I decided to put more capital in the cryptomarket two hours ago because I thought the correction was bound to end.
I went on coin market cap and saw that all the major currencies are down with bitcoin (without a surprise).

And amongst them (excluding BCash), LTC had the biggest correction of 40% in 24 hr (Not sure if it is still the case).

So I decided to enter with USD through LTC since it looks like I'm getting the best discount for this correction.

Is my logic flawed? If yes, what is the fallacy?

Trade active:

I would say... my opinion was aligned with what the market has to say...
Let's have some fun in the upcoming days :)

Comment:

You can switch some btc to usd to be safe