1sT-BTC (4H)
Updated
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Last candle Bullish hammer candle closed @ 3:00 indicating potential trend reversal if momentum will be on the side of the bulls in next 12 hours.
Downward wedge upper line with brakes verified for the 4th time and also pierced. Lower line with brakes still with only two verifications. Hostorical bottom channel verified with this bullish hammer.
I am waiting now for higher high and higher low to be established and push price out of the wedge.
Last candle Bullish hammer candle closed @ 3:00 indicating potential trend reversal if momentum will be on the side of the bulls in next 12 hours.
Downward wedge upper line with brakes verified for the 4th time and also pierced. Lower line with brakes still with only two verifications. Hostorical bottom channel verified with this bullish hammer.
I am waiting now for higher high and higher low to be established and push price out of the wedge.
Note
Quick update facts on 1st (4h timeframe) after BTC's monkey business:- Bottom line on historical trend did not hold
- Currently sitting on a 78.60% fib level on a bull rise.
- Aroon crossed exactly on point and verified bearish trend.
-MACD bellow zero with the slight incline direction
-CCI starting to curve up and heading towards 0
- Stoch RSI under the channel (Oversold)
- RSi sitting at the bottom of the channel
-CCI bellow the channel curving upwards.
Conclusion: Buy zones mentioned in a Daily update still stand...if we do not have bounce out of the downward edge it will search for the third touch to veriffy bottom of downward wedge somewhere around 0.00003500-0.00004000
Note
Looks like 1st will be going to find the 3rd touch point on the bottom of the wedge..stayed tunned for updatesOrder cancelled
New Chart required once touch and support is identified. Will be updating when it happensNote
Almost like planned bottom part of wedge veriffiedNote
Follow 1st next week
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