so, btc stoch RSI, oversold on 1d and 2d, 4d and 1wk, 12h has strength with room to grow, 6h and 3h peaking at overbought, 1h nearing oversold.
BTC MACD, 1wk nearing trend line so if it drops further its a cross down, 4d and 2d crossed down and pointing down, 1d flat at the bottom, 12h pointing up, 6h and 3h crossed up nicely, 1h looks to be bouncing off the slow line and heading up again
BTC volume, significant buy vol over the last two days, tapering down as expected while it flattens out, 6 the last 9 days buy vol is dominant and only the drop day is big sell
Based on the indicators - it looks like the bottom has been found imo. This is a projection of the recovery targets heading back up.
Targets are found using the following, full retrace fib lines, C wave fib lines, current impulse fib lines, historical resistance, GANN square, GANN fann, fib time lines of current impulse.
Let's see how this plays out.
Thoughts?
BTC MACD, 1wk nearing trend line so if it drops further its a cross down, 4d and 2d crossed down and pointing down, 1d flat at the bottom, 12h pointing up, 6h and 3h crossed up nicely, 1h looks to be bouncing off the slow line and heading up again
BTC volume, significant buy vol over the last two days, tapering down as expected while it flattens out, 6 the last 9 days buy vol is dominant and only the drop day is big sell
Based on the indicators - it looks like the bottom has been found imo. This is a projection of the recovery targets heading back up.
Targets are found using the following, full retrace fib lines, C wave fib lines, current impulse fib lines, historical resistance, GANN square, GANN fann, fib time lines of current impulse.
Let's see how this plays out.
Thoughts?
Comment:
has retraced back to the top of the break out now, it is also siting at the bottom of the uptrend channel, i expect it to climb again over the next 2 days