BTC to 7k - the clear picture.

2018年3月14日

So we've seen huge bear behaviour in the market as of late. There were rumours that BTC could drop to as low as 6k and return to the lowest its been for months after a huge spike to the all time high. but, now its been confirmed to a good degree as something that is definitely possible. We can see that on the 4 hour we've just had a huge bear candle that broke through the resistance... but we need to let it close for confirmation. macD cross over can also be seen as there was slight positive movement in macd that looks like it was there as a bull trap and that it was just there to create breathing space of the bears to gain momentum. RSI has also returned to the red zone and I believe it will hold there for a while before any bull movement.

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