Hi guys,
I have had some time to reflect on my charting and I think I have made some good changes. Here's how I see it...
- 4 hr 20 SMA & 200 SMA DEATH CROSS
- We are currently under the 4hr Ichi cloud
- No Stoch convergences to be found (4hr)
- Currently, holding for dear life on 0.382, but I doubt it will hold
- RSI 4hr is oversold
-MacD (4hr) is bearish
CONCLUSION: BTC looks quite bearish to me a the moment. Unless we hold, I suspect we will go to 0.886 of Fib extension.
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...Feedback on how I can improve my charting is highly appreciated!
Thanks!
I have had some time to reflect on my charting and I think I have made some good changes. Here's how I see it...
- 4 hr 20 SMA & 200 SMA DEATH CROSS
- We are currently under the 4hr Ichi cloud
- No Stoch convergences to be found (4hr)
- Currently, holding for dear life on 0.382, but I doubt it will hold
- RSI 4hr is oversold
-MacD (4hr) is bearish
CONCLUSION: BTC looks quite bearish to me a the moment. Unless we hold, I suspect we will go to 0.886 of Fib extension.
--------------
...Feedback on how I can improve my charting is highly appreciated!
Thanks!
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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.