BTC looks terrible rn, but now it needs follow through to confirm
Bearish::
Rejected off POC formed since May 14
Rejected off 4h pivot as a shooting star
Rejected off diagonal
Neutral::
RSI
Bullish::
Stoch Momentum Oscillator
If BTC can form another lower low locally, it most likely heads to lower to mid 20's sadly enough
However,
if BTC can reclaim 32.8 / 33 for conservative, it will probably squeeze and get a nice pop to maybe even low 40's
Patience is still the name of the game here until the next local HH or LL is formed imo
Bearish::
Rejected off POC formed since May 14
Rejected off 4h pivot as a shooting star
Rejected off diagonal
Neutral::
RSI
Bullish::
Stoch Momentum Oscillator
If BTC can form another lower low locally, it most likely heads to lower to mid 20's sadly enough
However,
if BTC can reclaim 32.8 / 33 for conservative, it will probably squeeze and get a nice pop to maybe even low 40's
Patience is still the name of the game here until the next local HH or LL is formed imo
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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.