@CryptoFrank23, I put this out to get some opinions. I am new at this charting. I thought the rsi and macd where going to go a little higher as previous waves and start a 12345 wave. how would you have read this trend? thanks for the reply.
@cryptopiche, When the RSI is over 70, most of the time it means the crypto is overbought. You can see this on all the spots on the chart when this happened, prices went down. When it's under 30, it's oversold, and prices will tend to go up again. Of course this can just be a short temporary spike, you have to look at the overall trend too.
@cryptopiche, There are several factors, but BTC dropping is the most important one. Remember, normally when BTC goes down by a lot, altcoins go down even more. Altcoins tend to move up when BTC is relatively stable.