BTC bounced off support after making a small trend down. We can expect to see attempts to trace back up near horizontal resistance.
BTC is in consolidation mode. If 24300 is not crossed we have higher chances of revisiting lower 20k area.
MACD looking to make a bullish curve on 4H chart. (giving signs of possible resistance retest).
RSI has been over bought for a while and finally made some relief. Still need to see more relief in RSI in my opinion.
ATR (volatility) is super high. Entry positions with such volatility in market is very risky. Currently we can probably expect to see a few more bounces. Whales do look to show major activity in exchanges.
Always enter your trades after confirmation with proper risk management.
Full Trade setup & Free Trading Bot
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BTC is in consolidation mode. If 24300 is not crossed we have higher chances of revisiting lower 20k area.
MACD looking to make a bullish curve on 4H chart. (giving signs of possible resistance retest).
RSI has been over bought for a while and finally made some relief. Still need to see more relief in RSI in my opinion.
ATR (volatility) is super high. Entry positions with such volatility in market is very risky. Currently we can probably expect to see a few more bounces. Whales do look to show major activity in exchanges.
Always enter your trades after confirmation with proper risk management.
Full Trade setup & Free Trading Bot
👇👇
