Bitcoin Price: $6,412
Current Price Direction: converging towards $6,000 psychological support and under the 200MA resistance.
Next Movement to Look Out For: Break down through the $6,000 support heading towards the $4,000-$5000 price range. If not, further side-ward price action roaming above $6,000. My bet would be on the price slaying below the 200MA in line with historical price patterns.
Bitcoin is done with the progressively smaller crab walks sideways.
Ethereum and Ripple cross rates against BTC have held on this 5th of September dip (so far) unlike previous dips, however they have not benefited from the smaller Bitcoin price rises. As mentioned in my older posts, cross-rates quoted against Bitcoin continue to be of concern and while some other altcoins have shown better BTC cross rates compared to Ethereum and Ripple. Regardless, they continue to follow the dominant coin price trends.
(this is not investment or trading advise).