Hello everyone, Bitcoin decline from $9k support. It formed a V-Top reversal which means sellers were very aggressive at $9k levels.
As though the market as a whole knew the move was way overextended, except for FOMO buyers, they got dumped on...
It is currently being held by 200MA as a support around $8.7k-$8.8k level.
The decline is slowing down currently and many alts had some mini bounces.
However, Bitcoin still dictates the direction.
The next level of support is the 50MA at around $8.4k. Overall the structure still looks good.
Currently, not many Alts are screaming in our face as `Buy Me!’ We are waiting for Bitcoin 4hour to reach oversold before making any moves.
The move from KyberNetwork(KNC) and OmiseGo(OMG) was because they are getting listed on Bithumb.
