BTC/USDT still bearish

7 Sep 2020

BTC/USDT is still in a bearish period, and in my opinion it will still fall a little more, before starting an accumulation period (I wait for him to trade altcoins). Although not shown in the graph, RSI and MACD still have room for correction, just as the WT_CROSS indicator also has space to go lower. EMAS 20 and 100 also point down and if they cross over the next few days, we could go much lower. However, I believe that this will not affect and the BTC will enter a period of accommodation, lateralization. I think about that too, due to the fact that the trading volume dropped a lot over the weekend and the dominance of BTC is below 60%, which is great for Altcoins that show good signs of recovery. My fall target is now 9185 USDT or 0.618 of the fibo retraction, but if the fall is too strong, it could reach 8.750 USDT.

Well, that's just my idea. Always do your own research before negotiating.