Playj

further downside coming

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COINBASE:BTCUSD   Bitcoin
The areas highlighted are possible support area but i believe we will at least get to the black line previous high of btc from run august. You can also see the bearish divergence I highlighted. It is also on the four hour chart I just felt the one hour had better details. The four hour bearish divergence when on both macd and rsi has been an indicator for every market correction I have been involved with since April and i believe it is a pretty good sign that downside is coming. If you noticed btc dominance is like 55 percent and alts have continued down. Now that the bigger alts neo omg xmr xrp ltc and eth in particular are falling as well (which were previously kind of holding up with btc) we can see that money isn't just moving from one place to another but leving the market. With btc dominance so high as btc falls money is unlikely to move to alts considering that ou have to trade the alts to btc which is falling.

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