RSI divergence has been coming for a while now. BTC and suitable dropped.
How far will it go?
Either a bounce off the .786 line (11260) or drop to the 0.618 (10839).
I don;t see enough force at the moment to take it down to the 50% (10543) retrace.
Not prepared at this stage to commit to a re-entry position (I've been wrong too many times of late!)
How far will it go?
Either a bounce off the .786 line (11260) or drop to the 0.618 (10839).
I don;t see enough force at the moment to take it down to the 50% (10543) retrace.
Not prepared at this stage to commit to a re-entry position (I've been wrong too many times of late!)
RSI fast approaching some support.
However, even if RSI recovers, the BTC price has further movement downward, may even reach the red support.
Whilst RSI recovers, I See BTC dropping down to 50% retrace (10514)