Bottom is in according to RCDIHistorically, a significant "spike/plunge" down on the weekly RCDI (Relative Candle Directionality Index) had consistently indicated that the bottom is/was in (in the past two cycles). Time will tell if this is valid for this cycle, while the world anticipates a severe global recession, if not depression.
Rcvi
BTCUSD: Will 8684USD resistance turn into supporting launchpad? Speculatively speaking, I'm biased towards BTC moving higher.
TA wise, I will want to see it break through the 8684USD resistance first, and show that it finds support over the next candle or two before making an entry with suitable stop-loss set.
Related post: (Oct 8) BTCUSD short-term bullish
I typically use the following two indicators to help pick suitable stop-limit ranges. Settings are available to activate different levels of tightness, depending on the risk aversion as well as risk factor of the market at a given time.
Fast AEONDRIFT {with Stop-Limit Range} (Standard Deviation based)
and
Volatility Stop-Limit Selector
BTCUSD low timeframe analysis.Bitcoin ready to fall lower in the short term, after a bit more sideway movements?
The PRISM oscillators look slightly bullish though, with the momentum in the positive, however, the acceleration/jerk ribbon looks to be losing strength.
PRISM
Relative Candle Volatility & Directionality Index (RCVI/RCDI)
CYBER ENSEMBLE
FUSIONGAPS V4 {50/15-Series} (Local Bullish/Bearish-Phase indicator)