BTCUSD: Analysis using Ichimoku 14/07/2020

H4
On D1, the cloud is directing downward, indicating an downtrend. The price also broke the downtrend line at D1.
Conclusion:
Locally, we recommend buying when the RSI reaches an oversold level on the H4 near the Fibonacci level of 38.2%.

H1
At H4, the cloud is directing upward, indicating an uptrend. The RSI of H4 is not far from the oversold level, indicating a possible end of the correction.
Conclusion:
We recommend buying when the RSI reaches an oversold level on the H1.