So, I have noticed some real movement during the weekend with BTC. My chart shows what I expect related to its movement, I could be wrong, it might break through the threshold placed at the top. When it reaches the top (circled), it will reach oversold on the RSI(Similar point as previous dumps), and the price should drop to the support circled (0.618 FIb) and bounce off. I was expecting that to happen the last time , instead it caught the 0.5 Fib.
If the price does dive as predicted, it might be safer to be out of Alt coins for now.
Everything does feel like a bubble, especially with many Alt coins being overpriced. Ethereum will most likely withstand any major movement from BTC with regards to Metro update coming out in the next few months.
May the odds be in your favour.
If the price does dive as predicted, it might be safer to be out of Alt coins for now.
Everything does feel like a bubble, especially with many Alt coins being overpriced. Ethereum will most likely withstand any major movement from BTC with regards to Metro update coming out in the next few months.
May the odds be in your favour.
The circled point in the RSI is where I expect some sort of pull back.
www.tradingview.com/chart/x9w1tOWo/