All these FUD in Cryptocurrency space at the moment have caused the entire Crypto market to fall in terms of price along with its total market capital. But from a technical perspective every drawback following a surge in price has retraced surpassing the recent high by a substantial amount always. In that case this drawback we're experiencing in the price of Bitcoin right now is definitely going to retrace to a new high of $25,000 USD without any doubt as per applied Fibonacci retracement levels. " When creative people makes the supply, predictive people will make the demand " - Don Reign (@donareign)
Any thoughts on death cross and RSI on weekly chart. It is clearly indicating bearish signs. Need expert advise before I put my money
learnitradewin
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@Crypto-King, Hello, sorry for taking too long to reply. However as mentioned in the chart analysis BTC will be bearish throughout Q1 of 2018 and your RSI and MACD bearish crossover is imminent and afterwards price will retrace around 61.8% Fib level at $7,650 USD to make a new high again. To me, buying at these levels with an amount of funds that I can lose is convenient.