BTC at bottom of Triangle. $7000 is critical area. It should bounce up from here.
But we got strong Hidden Bearish divergence at RSI and MACD. Only Stoch RSI looks oversold.
Volume also reducing towards downside.
Stochastic RSI may form bullish Divergence once bounce back.
If BTC goes down under $7000, it can further down upto $6500-5700 next strong support levels.
If BTC bounce back from here and goes above $8500, we can see its bullish trend again.
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#BTC Bounced back as given analysis. Recommended Alts to enter from dip right now: #TRX #BURST #KORE #DGB #STEEM #BCN #NULS #BTS
Detailed Trades already shared on our Telegram Channel and Twitter. Set Next Targets.
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#BTCUpdate BTC only 4Hrs Oversold and may give short bullish upto $7000-7200. Big Timeframes still need to develop and give any confirmations.
2 Major Reasons of last unexpected BTC dump. 1) Korean Exchange hacks. 2) StopLimit triggered for mostly trades which was on $7000 accroding to BTC trend.