BTC 24th July 2022
Time Frame: 4H
Indicators:
STOCH RSI - Near 0
RSI - Approaching 40
Volume - The volume on the red candles are now greater than the volume on the green candles
Price Action:
BTC has just got below the 0.382 level, and right now it is 1-2 candles to reclaim to maintain the bull flag. Given weak indicator readings I don't feel there is much upside other than more fake rallies.
Should BTC price get rejected off 0.382 the next level could be the golden pocket between 20781 - 20952.
--Like, follow or drop a cheer if you find my findings useful!
Indicators:
STOCH RSI - Near 0
RSI - Approaching 40
Volume - The volume on the red candles are now greater than the volume on the green candles
Price Action:
BTC has just got below the 0.382 level, and right now it is 1-2 candles to reclaim to maintain the bull flag. Given weak indicator readings I don't feel there is much upside other than more fake rallies.
Should BTC price get rejected off 0.382 the next level could be the golden pocket between 20781 - 20952.
--Like, follow or drop a cheer if you find my findings useful!
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