BTC now tested and supported by bottom of channel.
Updated
Clearer signs of a positive change in momentum.
Price moved further down from ca. 9500 USD support, divergent from Cyber Ensemble buy signal.
Will wait for it to be confirmed for 2-3 more candles and as previously mentioned: "Will wait for (the blue buy signal on) PRISM Signal to trigger as well perhaps, then relook at the chart and PRISM oscillators, before if a breakout higher is imminent or will price more likely break down lower infact."
Also as before mentioned, there's a chance for it to go relatively sideways down to 8600-8500 USD first before recovering -- so need to wait for confirmation before making any move.
Price moved further down from ca. 9500 USD support, divergent from Cyber Ensemble buy signal.
Will wait for it to be confirmed for 2-3 more candles and as previously mentioned: "Will wait for (the blue buy signal on) PRISM Signal to trigger as well perhaps, then relook at the chart and PRISM oscillators, before if a breakout higher is imminent or will price more likely break down lower infact."
Also as before mentioned, there's a chance for it to go relatively sideways down to 8600-8500 USD first before recovering -- so need to wait for confirmation before making any move.
Note
Buy Signal triggered on PRISM Signals on the 1hr timeframe.Will wait for it to be triggered on the 3hrly time frame (where there's better confluence) for confirmation.
Note
Longer timeframe look.Note
Perhaps BTC to go relatively sideways while ETH and altcoins to go down lower a bit more now.Note
Also, BTC have now tested the 61.8% Fib-ext level.Note
Bitcoin expected stdev ranges (using Aeondrift {Expected Ranges} with directionality Mod):Script found here tradingview.com/v/LXPMYlNu/
Note
PRISM oscillator indicate oversold condition:However, acceleration and jerk oscillators still looking too weak to pull momentum up atm.
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