$BTC UPDATE
Our digital gold has dropped this Monday and liquidated a lot of overleveraged positions. Top alts followed the senior brother, though more or less managed to hold the support levels. Other alts suffered more but finally reached long limit orders and are now balancing there. In fact, nothing special happened, and until BTC stays in the green box (check the chart), all dips are gifts as some bloggers claim. Nonetheless, let's think critically and imagine that the daily trend reversal was true, and we observed its confirmation when, after the breakdown, the price retraced only to sweep a high-volume level at 117900 and continue the correction. If this scenario plays out, we'll easily get wicks to 106-104K or even a deeper move to weekly support. So plan your long trades carefully!