Tonight's dip brought BTC's daily RSI back to neutral terretory. But there is still a chance for a further decline.
The trendline drawn by the lowest points of former corrections (7.16 & 9.15) and the fib time zone formed by these two leads to a lower reversal target that might be reached within the next days.
Most activity seems to be around Asia, China has Single's Day today which I read is a pretty important one for the economy. Naturally there is an opposite price movement when volume gets lower. After this holiday prices might go on falling.
So keep your fingers calme, we're not out of the woods yet.
Minor Target: 5k
Main Target: 4,5k
Extended Target: 4,1k
The trendline drawn by the lowest points of former corrections (7.16 & 9.15) and the fib time zone formed by these two leads to a lower reversal target that might be reached within the next days.
Most activity seems to be around Asia, China has Single's Day today which I read is a pretty important one for the economy. Naturally there is an opposite price movement when volume gets lower. After this holiday prices might go on falling.
So keep your fingers calme, we're not out of the woods yet.
Minor Target: 5k
Main Target: 4,5k
Extended Target: 4,1k