51-49% zone has historically acted as support-resistance area and we have oversold conditions with Hidden Bullish Divergence on daily timescale. If bounce is going to occur it would be soon. The only way BTC.D could go up in current market conditions would be for Bitcoin to dump again taking altcoins down with it. This combined with 4h Bearish Divergence on assets like BTC, ETH and LTC (USD pairs) makes me think this scenario is not unlikely in the short-term.
Commentaire:
It did catch a bounce, just not quite the way I expected!