BTC has set a higher low on the RSI, while making lower lows on price, we can see this is in a point in time where we should expect to see continued pressure to move sideways at minimum or make a reversal to newer highs.
The histogram outlined on the MACD is also indicating that we are forming a trigger wave which is indicating selling pressure is becoming exhausted and we should continue to see sideways movement or movement towards upward pressure.
Hull wave on the price chart is starting to close its bands as the price reversed from the lower low and is moving sideways. I expect this band to start to level out and fluctuate between positive and negative coloration while the price trends sideways.
Currently watching lower time frames will give indication to what will happen in higher time frames which will give us a more clear trend definition. For now, I expect that we have bottomed or are close to being bottomed due to so many indications showing bullish divergences. We may wick down low but the trend is forming a bottom.
The histogram outlined on the MACD is also indicating that we are forming a trigger wave which is indicating selling pressure is becoming exhausted and we should continue to see sideways movement or movement towards upward pressure.
Hull wave on the price chart is starting to close its bands as the price reversed from the lower low and is moving sideways. I expect this band to start to level out and fluctuate between positive and negative coloration while the price trends sideways.
Currently watching lower time frames will give indication to what will happen in higher time frames which will give us a more clear trend definition. For now, I expect that we have bottomed or are close to being bottomed due to so many indications showing bullish divergences. We may wick down low but the trend is forming a bottom.