We are entering hourly oversold conditions which have resulted in solid bounces over the last week.
Cautious to not catch a falling knife, as BTC is clearly weaker than ETH and LTC this morning.
is on the third day of consolidation, still healthy at this point considering where we came from.
Watching for a climax flush and bounce to indicate the bottom is in for now.
Always protect your trades and remember you can always exit break even or at a small loss and re-enter on another leg down.
Need to see a 15 min higher low and higher high to be confident the low of the morning is in.