BTC Daily & 4hr - a new outlook
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!
Komen:
