Trying to keep it simple, I see a weekly Fibonacci retracement that is too perfect to be ignored, from the most recent 6000 low to the 11800 high..
Both the support line and the .786 fib level cross next week at 7200 dollars, which indicates strong support, and hopefully a turning point for BTC.
Should BTC break further down the green line, I'm personally going...
ETH showing strong support above the 26 weekly EMA. Whether it stays above it is more of a macro thing..
the cyan line showed support when drawing the chart in log scale, shows resistance now.
The RSI and ECMA both show that it is oversold, and frankly it is the lowest it has ever been since the sell of started in december/Jan, as opposed to BTC that touchced its...
