BTC short term trend change
Updated
I just noticed there that there are small candles with long wicks on each side, typically this is an indicator of a trend change.
I am not sure which way in this case I need to study it more, for now I am leaving this neutral.
Check out some more of my ideas below.
I am not sure which way in this case I need to study it more, for now I am leaving this neutral.
Check out some more of my ideas below.
Note
RSI is indicating up, but I dont see the necessary volume unless it picks up in the next 30 mins as this a 1 hour chart.Note
*correction this is a four hour chart which makes the indicator stronger, I still dont know which way its going to goNote
as the four hour period gets closer to closing it seems that price is moving down, and MACD has moved below signal on the MACD index..also MACD index is below 0 which is bearishNote
i am settling on up for this oneNote
As you can see we were correct here, in fact BTC has shot up at least for the moment
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