BTC turned red again. Notice that last selling volume was not that high but it was able to pull the price down again. The Bear is the winner and we will have to wait for the Bull to fight back. Target H: 9k L: 7.5k
NOTES:
Theory:
Technical analysis employs models and trading rules based on price and volume transformations, such as the relative strength index, moving averages, regressions, inter-market and intra-market price correlations, business cycles, stock market cycles or, classically, through recognition of chart patterns.
In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume.
https://en.wikipedia.org/wiki/Technical_analysis
