most known technical analysis rsi divergence did not work with bitcoin.
it should bounce 8k to 10.8k then continue falling or decide new way but it not worked.
yes supports,resistances emas bounces some formations works most of time but rsi divergence was very important and btc killed it.
maybe future it can go over then 10.8k but in my eyes btc died with...
unexpecting falling under 8700 before it touches 10781.
1-BTC fails TA with this movement.
2-im still expecting it will touch 10781 before it hits under rsi 19 value in 1 hour graphic.
3-if BTC continue fall and rsi shows under 19 btc is dead in TA for me.
2013 nov to 2017 dec.173 usd to 19600 usd biggest correction all fibo levels.we are now 0.618 level critical area.some trend lines shows it will drop 6800usd ,somes shows 5000usd around.my idea is fibo 0.618 (7600usd) is last place.it is not a suggestion risk is yours.
