- BTC movement. - Last night, BTC made recovery movement and now is moving sideway within are from 19,400 -19,700. I believe that, strong reduction will happen in the short -term, maybe 1-2 next days. Here these are some considerations: 1. RSI: Bearish divergence completed, RSI line also drop under 50. It is as strong confirmation that BEAR came back. 2. MACD: MACD line cut and moved under Signal line. 3. Candle sticks. Price closed under local support at 19,407 and upward's momentum is slowing down at fib level 0.5-0.618 BTC's movement will cause strong impact on alt coin's price. Knowing BTC will drop that create many SHORT positions with huge profit. I am scanning and find nice positions.
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Hi everyone, I still keep my idea that BTC will drop to deeper bottom.