Unable to break the top of the triangle and the volume of the drop is looking more exciting by the moment.. So $10,100 should be the next battle ground before fail... It may recover, but it seems to go down quicker than up and or more volume..
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I think that FUD is once again the one to blame - https://cointelegraph.com/news/japan-coincheck-exchange-freezes-all-withdrawals-as-up-to-723-mln-leaves-its-wallet
Maybe.. price makes the news, not the other way around.. BTC is always besieged by negative news after it is already well on its way into a correction.. Go back and check the 5k to 3k drop on the daily chart with MA and MACD and then notice the timing of the Chinese cryto ban, well after the correction had already started.. This is the way it is.. People think that news makes the price but it is really the other way around always is... Same thing here: https://www.express.co.uk/finance/city/909124/Bitcoin-price-news-binance-coin-bitconnect-coinbase-ripple-ethereum-cryptocurrency more bad news that means nothing really..
Yes, you are absolutely right. Maybe I did not express myself correctly. I believe that price action shows the way, but sometimes there is a need of a catalist to accelerate the trend. However BTC showing strenght.
P.S. You wake up at 5'oclock, crazy stuff ! You should share you tactics :D
I get alerts on my phone etc, when price makes a rapid move and I take my job somewhat seriously so I get up and see what is going on, but the drop was pretty dramatic and I fear it may not yet be over..
https://www.reuters.com/article/us-tradingtechnologies-coinbase-bitcoin/trading-technologies-coinbase-deal-to-bridge-bitcoin-and-futures-idUSKBN1FE2CK