- Daily is suggesting the chart is now selling off due to a bearish 1day candle
- Dail Stochastic is overbought and showing downwards momentum
- 4Hr chart confirms downwards momentum with full bearish candles
- 4Hr Stochastic in downwards trend entering momentum zone below 80.00
- 4Hr candles hit downwards trendline from two higher pins being rejected
- Ichimoku shows a future squeeze in price (where my prediction line cuts through the middle of the cloud)
- 200Day SMA showing the price is in an overall uptrend, confirming this reversal is just a retracement in the overall direction of the price
- I would wait for the price to follow the Fibonacci trend down towards 0.618
- potentially buying BTC in the green buy zone...
Buy between:
13657.71
13368.72
- Dail Stochastic is overbought and showing downwards momentum
- 4Hr chart confirms downwards momentum with full bearish candles
- 4Hr Stochastic in downwards trend entering momentum zone below 80.00
- 4Hr candles hit downwards trendline from two higher pins being rejected
- Ichimoku shows a future squeeze in price (where my prediction line cuts through the middle of the cloud)
- 200Day SMA showing the price is in an overall uptrend, confirming this reversal is just a retracement in the overall direction of the price
- I would wait for the price to follow the Fibonacci trend down towards 0.618
- potentially buying BTC in the green buy zone...
Buy between:
13657.71
13368.72