BTC 4H Oversold Conditions
Daily downtrend as we shift focus towards the weekly time frames. Currently a weekly inside bar forming and if that is the case Sunday night, we will have to see a bear break of this level to begin looking for a weekly higher low.
Hourly EMA12 resistance on bounce attempts, then 4H EMA resistances.
Bulls looking for a short term bounce today to cool off RSI levels.
I personally have some LTC bids set but they are picky to ensure the trade comes to me in more extreme conditions if I am going to be filled. I personally will be just looking for a daily lower high (so will bears) if any bounce gets enough follow through.
Video later this afternoon to check in on the sector!
Hourly EMA12 resistance on bounce attempts, then 4H EMA resistances.
Bulls looking for a short term bounce today to cool off RSI levels.
I personally have some LTC bids set but they are picky to ensure the trade comes to me in more extreme conditions if I am going to be filled. I personally will be just looking for a daily lower high (so will bears) if any bounce gets enough follow through.
Video later this afternoon to check in on the sector!
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.