BTC has been dropping as part of a due correction... Next support is at around 8850 so expect the next flight there. Overall picture does seem bearish but short term, should go up halfway at least!
Note
Looking athe MACD and RSI, its a risky trade.Note
As an indication of up or down movement, look at the altcoins and see if any of the big ones i.e., ETH/LTC/BCH are pumping... a good half a minute of these coins going up or down is an indication that BTC will follow. I know usually these coins follow BTC but at times, these coins give an indication about BTC as wel.. its like mutual cooperation between big brother and siblings :)
Note
I don't think that dumping is serious, could be a bear flag or bear trap... should recover soon.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.