Ingemkts

BTC: Uptrend might be canceled for now but coming soon...

OKCOIN:BTCCNY   None
Key point: in this point there are many variables which suggest BTC is going down, BUT before continuing down It should touch 1627 point due to the last RSI bull div (strong oversold) and because 1627 is the 161.8%, namely the C wave before continuing down. The wave 12345 is not possible in this point because of measurements have not been fulfilled, therefore after btc touches 1627 It should go down to 1330 at least.

The Key point to confirm the last wave impulse to reach 1627 consists of 1537 breaks up, anyway it seems to continue dropping with or without 1627.
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