BTCUSD - one more drop and then aggressive UP move.
Watch how you trade with other coins until King is not decided where the market will go.
Expect one more down move, form new low and then aggressive break UP.
Buyers get afraid of last short which was bleeding too much on RSI and I guess we need to confirm BTC is not going below previous low
and it is ready to take off.
BTC has strong background not only because it is first but because it has strong technological background which is getting improved
each day. We will see how lightening network will work when released and I think that will be the turning point for BTC. I hope it will stay
decentralized as it should be. If not -> the sell off in general can be very bad on BTC. Most likely other projects could take the lead in that case
but that is anyway longer future perspective... will see...
Watch how you trade with other coins until King is not decided where the market will go.
Expect one more down move, form new low and then aggressive break UP.
Buyers get afraid of last short which was bleeding too much on RSI and I guess we need to confirm BTC is not going below previous low
and it is ready to take off.
BTC has strong background not only because it is first but because it has strong technological background which is getting improved
each day. We will see how lightening network will work when released and I think that will be the turning point for BTC. I hope it will stay
decentralized as it should be. If not -> the sell off in general can be very bad on BTC. Most likely other projects could take the lead in that case
but that is anyway longer future perspective... will see...
Comment:
I will still keep this idea that BTC is getting down for double bottom but seems we are going to retest previous highs to form new lows.
Comment:
Watch for RSI on 1D time frame. It can be dangerous there due to the last time sell off.