SEC news brought the sharp bear leg bringing the markets to new lows.
Bitcoin has reached the 78 Fib retracement line from the previous low. It bounced up as it also reached an important support line (daily chart). Now we need to see if the bulls bring back the price to the $7000 level or bears keep pushing back to new lows. Stochastic indicator shows strong oversold and I expect a correction up during the day.
EOS strong correlation with bitcoin sent the price to April lows at $6. Market reacted bouncing after entering again the long-term downtrend channel. A correction will probably follow if Bitcoin starts moving up as Stochastic also shows big oversold.
STEEM downtrend sent the price very close to the $1 level. Price is now on the low of the trading range it started in early July, below all MA lines. We will see how it reacts upon bitcoin moving.
