See the several spikes on the upward channel that I saw as a strong sign a month ago -- the showed overbought and right after we saw a retrace. We've seen three oversold markers on this descent, and it seems like there will be a fourth touch coming up soon. The difference is, we're leveling out approaching the next touch. I'm looking for a touch within the purple circle and a retrace following the right side of the parabolic line. Significant on a reversal should signal the end of this downtrend and put us into another , as COINBASE:BTCUSD leads the recovery of the entire market.
If we see the price continue to drop with no dip below the bound, this will confirm another continuation of the downward trend. I'd like to hear your thoughts on BITTREX:LBCBTC ! Please comment below, as the more input we see, the more informed we are!
*** This is not a recommendation to buy or sell, this is for educational purposes only! ***