RSI in Bitcoin has dropped to 24, and whenever it falls to such an extreme selling position, it usually rises by 50% within a few months after coming out of it. The issue is where this selling wave will end. For those waiting to trade, the safest move is to enter when the RSI breaks and closes above 30 again. My guess is that the tip of the needle will be the 100-week average passing through 83, but we will see...


Since the majority of altcoins have not dropped as much as Bitcoin, dominance is still resisting, slightly going down. The altcoin investor who has lost hope is stubbornly not selling; market makers seem to be trying to hold on as much as they can with the price correlated to BTC and even ETH, which they left as mentioned above, in order to be able to take advantage of the turnaround.
Let's see where the process that will start from December 15 will take us.
BTC3.38%
ETH2.69%
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