BTC/USD: Bears getting weaker? [2018-10-10]
Previous analysis
General view
I think we are still bearish for the next week. But I also think it is unlikely to go down to ~4k.
RSI
RSI never lies. From historical rsi data i think we can pretty much assume that we need to head oversold areas before we can go up again. At the moment the rsi is losing strength, so i think we go down this week.
Fib circles
I like market geometry. They can be accurate as hell. In this chart the prices hit the fib levels pretty well, so a good risk manager would consider to take these is account.
General view
I think we are still bearish for the next week. But I also think it is unlikely to go down to ~4k.
RSI
RSI never lies. From historical rsi data i think we can pretty much assume that we need to head oversold areas before we can go up again. At the moment the rsi is losing strength, so i think we go down this week.
Fib circles
I like market geometry. They can be accurate as hell. In this chart the prices hit the fib levels pretty well, so a good risk manager would consider to take these is account.
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