BTC 4H Oversold Conditions

٢٤ يناير ٢٠٢٠

Daily downtrend as we shift focus towards the weekly time frames. Currently a weekly inside bar forming and if that is the case Sunday night, we will have to see a bear break of this level to begin looking for a weekly higher low.

Hourly EMA12 resistance on bounce attempts, then 4H EMA resistances.
Bulls looking for a short term bounce today to cool off RSI levels.
I personally have some LTC bids set but they are picky to ensure the trade comes to me in more extreme conditions if I am going to be filled. I personally will be just looking for a daily lower high (so will bears) if any bounce gets enough follow through.

Video later this afternoon to check in on the sector!