4 hour RSI suggest that BTC will not go lower than $11.4k / $11.5k on this down size.
Note
15 hours later, we are still under bearish power with RSi around 40.MACD showing a slight uptrend...the next 8h to 12h will tell us if
we are under
a) consolidation mode (tradingview.com/chart/BTCUSD/hFHuKslk-BTC-consolidation-around-11-5K/)
b) swinging between 12.5k and 11.5k for another few days
Note
Another 12 hours later...Feels like BTC chase option B and decided to consolidate around $11.6kNote
I mean Option A
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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.
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.