We have broken the low of the initial reaction to the fork news and it has led to a dump and oversold short term conditions.
I am more prone to buy ETH or LTC on these short term oversold bounce plays with 5 and 15 min RSI levels so low as the sentiment with BTC is shifting a bit at these levels in my opinion.
There will be short term oversold bounces on the way down but we are now in a lower high, lower low pattern on intraday time frames giving control to the bears.
Bounce plays should lock in profit sooner rather than later, are at least have break even stop losses to let it ride a bit if you are bullish BTC short term.
Scale in and make sure to keep some cash if we continue to drop.
I am more prone to buy ETH or LTC on these short term oversold bounce plays with 5 and 15 min RSI levels so low as the sentiment with BTC is shifting a bit at these levels in my opinion.
There will be short term oversold bounces on the way down but we are now in a lower high, lower low pattern on intraday time frames giving control to the bears.
Bounce plays should lock in profit sooner rather than later, are at least have break even stop losses to let it ride a bit if you are bullish BTC short term.
Scale in and make sure to keep some cash if we continue to drop.
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