There is a liquidity zone under 16670 and BTC is a bit overbought on daily frame.
After BTC rejected from the upper volume balance boundary and Ichimoku daily cloud it returned to the middleline of the descending channel. We also have an RSI symmetry that can throw the price a bit.
I look at 16100-16500 zone to close shorts and go long then to the 18500-18700 retest.
After BTC rejected from the upper volume balance boundary and Ichimoku daily cloud it returned to the middleline of the descending channel. We also have an RSI symmetry that can throw the price a bit.
I look at 16100-16500 zone to close shorts and go long then to the 18500-18700 retest.
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There is a trend buy signal (WEEK) however unconfirmed yet. We may see an ascending sideway movement here for 1 or 2 weeks.