OKcash/BTC going further down or is it fake?
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After looking at the charts of Okcash one can only see red sticks stepping down the line as if everyone got lost somewhere and a machine put their sell orders one after another but in this world of charts and sheets when a coin is drastically overbought one should also expect a good correction of over 100%. Looking at the long term this correction might be very healthy because the ones who shorted this coin may have lost a chunk of their investment but the holders will win.
The lowest it may come based on the waves analysis will be 5000 levels then it will bounce back to the highs of sky.
The lowest it may come based on the waves analysis will be 5000 levels then it will bounce back to the highs of sky.
Nota
it may go further down but it will bounce back. Lets see what the next morning bring up to Okcash.
Penafian
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