BTC fall - 4h RSI resistance around $11.4k - $11.5k

٢٢ أغسطس ٢٠٢٠

4 hour RSI suggest that BTC will not go lower than 11.4k / 11.5k on this down size.

٢٢ أغسطس ٢٠٢٠

ملاحظة

15 hours later, we are still under bearish power with RSi around 40.
MACD showing a slight uptrend...the next 8h to 12h will tell us if
we are under
a) consolidation mode (tradingview.com/chart/BTCUSD/hFHuKslk-BTC-consolidation-around-11-5K/)

b) swinging between 12.5k and 11.5k for another few days

٢٣ أغسطس ٢٠٢٠

ملاحظة

Another 12 hours later...Feels like BTC chase option B and decided to consolidate around 11.6k

٢٣ أغسطس ٢٠٢٠

ملاحظة

I mean Option A