BTC Low of Consolidation Test
BTC currently in a clear 4 hour downtrend, and I am continuing to either wait for 4 hour oversold conditions, or a change in trend on this time frame before I make an entry.
Daily consolidation still underway with the pattern of a lower high every day.
Daily EMA12 support being tested again this morning.
It would require a break down to the upper $10,000s to see 4 hour RSI hit oversold today.
Daily consolidation remains healthy, it would require a bear volume spike and notable drop under daily EMA support to change that.
Daily consolidation still underway with the pattern of a lower high every day.
Daily EMA12 support being tested again this morning.
It would require a break down to the upper $10,000s to see 4 hour RSI hit oversold today.
Daily consolidation remains healthy, it would require a bear volume spike and notable drop under daily EMA support to change that.
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Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.