BTC fell down again and crossed 350MA. The Bear is the king at the moment. Carefully watch the move of quick profit taking traders and investors. Estimated range 7k ~ 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
