BTC has bounced near the support line that has existed since 11/15 of last year. MACD has just crossed over for the bad, and all other indicators are pointing towards more pain. A quick look at the longs vs shorts counter on bitfinex, also tells me there has not been enough pain for longs.
That being said, I see price moving below support and into the next level...
Following an article I caught on the Berminal news app, I hopped onto the chart to see what they may have been talking about. The article states that mass adoption for Litecoin is around the corner that will act as the catalyst for it to moon. What does TA say?
Taking a look at the chart, I have to say I think I agree. A line of support dating back to 3/29 is...