We will soon find out.
RSI is near all time lows, a fall to 20$ would put us at -28 RSI which is very oversold.
If we hit 20$ and get a reaction, I will be taking a small stake in LTC.
If LTC doesn't hold at 20$.. the new target is a very grim 4$.
Just some hopium for people.
Bitcoin had a perfect descending triangle that brought us from 20k to where we are today.
Now Bitcoin has a mini descending triangle with a potential double bottom after a down trend. That is considered extremely bullish if played out.
Everyone is calling for 3k, 4k... but are they sure?
Ask yourself, do you feel we are closer to the bottom? Or the top?
Calling the exact bottom is near impossible and personally, this area seems like a fine area to start averaging in.
BNB is dangerously close to dropping from the range it has been in for nearly a year.
Support is a long way down if that top box breaks at .0014
Watching closely and updating on my twitter - @SwanTokyo
BTCBNB pairing held like a rock in the dump today, staying in the same range it has been in for a year. Binance just announced they are listing Coinbases stable coin... potential for BNB to be on its way to Coinbase?
Exited my MFT position after a second denied break out.
Assuming BTC does not continue to fall into 5k range, I will be looking for an MFT re-entry around 140 with a bounce. If 140 breaks without support, I will be waiting to re-evaluate.
Uptrend broken, MACD about to converge downward, overbought on the RSI and receding volume.
BAT will be a top performer if listed on coinbase, but for now this looks like it will be falling back to retest 3500 satoshi
This drop is insanely bullish if support holds and gets a spring.
RSI entering oversold territory, stops getting shaken out, opens up a ton of room for movement.
Almost identical chart NEOUSD with the H&S potential bottom reversal.