CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
We need to wait for a little more market structure to manifest itself before we make a decision from here where to go. Will the RSI cool off long enough to take us lower or will we have a meaningful bounce from here. The daily has broken down to lower lows on the RSI which indicates that was still have a high probability of going lower from here and creating another daily bear flag much like we did last month. I expect alot of congestion at these levels but once we break the 535 on the daily we can enjoy our altseason and bull-market. For now we will watch it bounce on the hourly and see what kind of market structure we have so we can have a bias from here.
God Speed,
Mr. Lucifer
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