BTC has either completed, or is nearing completion of a correction.
(Possibly one more blip down)
**Observations to note:
- RSI has begun trending upward after touching oversold territory
- We see confirmation on the oscillator, as StochRSI has also begun trending upwards on a breakout of oversold territory
- Support @ 4H 200 EMA
- **Looking to break back and confirm over 680 for confirmation of trend resumption**
(Possibly one more blip down)
**Observations to note:
- RSI has begun trending upward after touching oversold territory
- We see confirmation on the oscillator, as StochRSI has also begun trending upwards on a breakout of oversold territory
- Support @ 4H 200 EMA
- **Looking to break back and confirm over 680 for confirmation of trend resumption**
Note
Got the extra move down. Epic shakeout.Hope everyone enjoys their discounted BTC.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.