I noticed some peculiar things going on with alts, and how they can maybe tell us what is about to do next.
I've noticed all of them bounce off near or at the 38 retracement level, and bump up almost to the 61 level or above it. Could do the same?
BTC December 17
BTC just bleeds on, while is just getting started. On Bitcoin's lowest point, 6000, just kept bleeding, while BTC got straight back up.
Bitcoin seems to be about to fall again, will do the opposite? Will it bounce off the 38 fib level like the other alts?
What indicators are saying
RSI-Oversold and waves moving upwards.
EMA-Short ones are trying to turn upwards.
Bands-Price has been on the bottom half of the bands for more than usual.
3 hanging men have been spotted in the last 5 candles.
We may break the 38 level a little more before going pumping back up.
Target is the red dot, above 5000.