BTC consolidation
Updated
When RSI dips below 25 and we have been seeing a leveling off for a few days then a return to the healthy bull pace.
This chart also shows the 200ma (dark blue) and the 50ma (light blue). The distance between the two shows a return back to the old standard BTC growth position. 10k to 20k got extremely overbought, corrected, and now we are in a consolidation before some power moves back up.
TD setup also shows one more day of correction before the continuation of the consolidation bull trend.
Happy trading.
~J
This is not advice.
I don't need to be right or wrong.
I don't care if the market goes up or down.
Make your Own analysis and trade off of that.
If you have positive, constructive criticism and wish to share, Please do.
Agreeing or Disagreeing is not personal and is welcomed in a positive way.
Remember to go outside and get dirty or climb a tree sometimes.
This chart also shows the 200ma (dark blue) and the 50ma (light blue). The distance between the two shows a return back to the old standard BTC growth position. 10k to 20k got extremely overbought, corrected, and now we are in a consolidation before some power moves back up.
TD setup also shows one more day of correction before the continuation of the consolidation bull trend.
Happy trading.
~J
This is not advice.
I don't need to be right or wrong.
I don't care if the market goes up or down.
Make your Own analysis and trade off of that.
If you have positive, constructive criticism and wish to share, Please do.
Agreeing or Disagreeing is not personal and is welcomed in a positive way.
Remember to go outside and get dirty or climb a tree sometimes.
Trade active
It's only up from here on the 4h. MacD is bottomed out as well as the RSI on the
Note
Also, TD setup is on a Green 1. Back to 11.5k then 15.6k.
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