The price fell well outside of the Bollinger Bands lower bound. I expect BTC to have a price correction in the following days.
Both MACD and MA(50) are showing signs of potential trend reversal. I think that it is still unclear what will happen and that we will see in next days.
This looks like a 50/50 descending wedge. I hope it will go up, hoping for some good news from Ripple.
I think if the hammer is formed, we will have a trend reversal, possibly going over the previous resistance line.
If BTC breaks the resistance line at around $11.3k, I can see it going for a bull run.
