First Post: Current BTC 4H Analysis
Testing out my first post. I would love some feedback, tips or comments. Thanks!
I am neutral to bearish on BTC 4H. Price is in the ichimoku cloud, currently holding at senkou span A as support. Price in the cloud is treated as a no-trade zone. Price may meander within the cloud with no strong indicators of direction.
We also see the RSI dropping and very little volume. If we see price break the cloud on the downside and dip below $7200, we should be expecting a large drop in price form there.
I am neutral to bearish on BTC 4H. Price is in the ichimoku cloud, currently holding at senkou span A as support. Price in the cloud is treated as a no-trade zone. Price may meander within the cloud with no strong indicators of direction.
We also see the RSI dropping and very little volume. If we see price break the cloud on the downside and dip below $7200, we should be expecting a large drop in price form there.
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