Please feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
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Overnight Bitcoin had a much anticipated correction. Unfortunately alts followed this path rather than moving against it.
Bitcoin has broken a strong psychological resistance at $18.000 and is now facing three hurdles to overcome should it want to go further down: - Golden pocket around $17.700 - 200 MA - Support at $17.900 - RSI coming up from the oversold area
Do you see BTC breaking down or continuing its uptrend?
More than likely see a continuation to the downside, where BTC will possibly find support w/in the $16,800 region. BTC needs a good healthy correction, which would generate more momentum and stronger moves in the near future.
Coinathlon
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@AB_Trading-Intelligence, I absolutely agree sir. I'm also hoping we can see a stronger correction to allow for a breather during which alts can gain some ground.