Well, the BTC correction has been triggered. Just another good opportunity to fill our bags.
Everything I can see right now you can find on the chart.
This would be most probably the zone of interest, where many buyers will be looking for their longs. They are just taking their time for sure. I expect that one more testing we gonna see at least.
Showed uptrend line must hold if we wanna go up. Even though there is still the possibility of the combo correction XYZ or the bigger ABC movement.
If you hesitate to open long. PROS:
Uptrend line.
Fibo 0,78% retracement of the last swing.
Supports area.
What we can see on the 4H indicators ? As follows :
Momentum in red - keep looking for turning into green.
RSI oversold - looks good for long.
MACD 2 bars of positive momentum.
Everything I can see right now you can find on the chart.
This would be most probably the zone of interest, where many buyers will be looking for their longs. They are just taking their time for sure. I expect that one more testing we gonna see at least.
Showed uptrend line must hold if we wanna go up. Even though there is still the possibility of the combo correction XYZ or the bigger ABC movement.
If you hesitate to open long. PROS:
Uptrend line.
Fibo 0,78% retracement of the last swing.
Supports area.
What we can see on the 4H indicators ? As follows :
Momentum in red - keep looking for turning into green.
RSI oversold - looks good for long.
MACD 2 bars of positive momentum.
