BTC 1hr chart
BTC in bullish uptrend however oscilators are overbough on 1-4 hour TF's. 6-12 SRSI are low and rising.
Short term reversal expected to reset medium tf SRSI will likely follow bottom of one hour cloud and find support from previous resistance trendline at 10250 area. Break of this support should find additional support from 0.236 fib at 10089.
This should be followed by a reversal upwards to 0.5 fib around 10670. This also corresponds with top of 1hr ichimoku cloud as well as Additional Major Ichimoku Resistance at this level as well described below.
Current resistance is 4hr tenken line.
6hr tenkent at 10685
3hr kijun at 10685
2hr Kijun at 10685
THis all might be invalid major flash crash while about to post
Short term reversal expected to reset medium tf SRSI will likely follow bottom of one hour cloud and find support from previous resistance trendline at 10250 area. Break of this support should find additional support from 0.236 fib at 10089.
This should be followed by a reversal upwards to 0.5 fib around 10670. This also corresponds with top of 1hr ichimoku cloud as well as Additional Major Ichimoku Resistance at this level as well described below.
Current resistance is 4hr tenken line.
6hr tenkent at 10685
3hr kijun at 10685
2hr Kijun at 10685
THis all might be invalid major flash crash while about to post
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