What's BTC doing?
For now bitcoin is not wanting to go below 61.8% which is a message, what can the message be? Well it could be that BTC has found stability, and is actively looking for buyers. As I have been saying this is a likely place to stage a move up-to the 200MA for BTC . It is safe to jump into some alts like ETH, NEO, BNB, LTC. There is a chance that we can melt down to $4600 which is why you should not commit 100% of your capital at this point. You want to leave some for that bottom area which is the ultimate buy zone.
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NOW, THE LEGEND;
Support trend-lines are green
Resistance trend-lines are Red
Horizontal support lines are white, the thicker the stronger the support
50 Moving Average is yellow
200 Moving Average is white
THE TREND: Going Down but finding stability
THE OUTLOOK: Beginning to see the end of the downtrend a rally may be coming soon.