The BTC downtrend is not done yet. I think firstly BTC's gonna touch 13k after breaking out the ascending triangle (bull trap). After this BTC could correct further down towards 8.5K at strong support line.
There are lots of Arguments, who brought me to this thinking.
1. Last negative MACD was in Sept. 2017 - all other huge corrections where still in positive MACD and this time we're much more further down than in September.
2. Same with RSI. Last time it touched oversold where in September.
3. Stochastic oscillator usually showed a heavy jump back to bullish buy signals after huge corrections, this time its not, so this Downtrend is stronger.
Don't forget to set your SL !!
There are lots of Arguments, who brought me to this thinking.
1. Last negative MACD was in Sept. 2017 - all other huge corrections where still in positive MACD and this time we're much more further down than in September.
2. Same with RSI. Last time it touched oversold where in September.
3. Stochastic oscillator usually showed a heavy jump back to bullish buy signals after huge corrections, this time its not, so this Downtrend is stronger.
Don't forget to set your SL !!