When everyone was expecting the markets to start recovering a new bear leg appeared.
Bitcoin has dropped to the $7000 level punching the previous strong resistance line at $6900 which acted as support.
It is now in the 64% Fibonacci retracement since the previous low when the market bounced up. We may still experience some downtrend.
EOS also lost the levels it had reached during the day and is now just above the $7 value trading below the 200 and 100 MA lines. If Bitcoin experiences a third downtrend leg it may reach the support at the triangle line again.
STEEM lost just about all the gains from the small uptrend it experienced yesterday but it is still trading above $1,15 trying to reach the 200 MA line. We will see how the end of the weekend evolves.
