BTC is looking better than yesterday which was an absolute bloodbath. We need to break the resistance and get back to the Keltner Channel. The DI- (orange) has dropped below 40 now which shows good sign. I still expect to see an uptrend in a day or two. Few more candles around 0.5 Fibonacci line would be good sign as it will break the trend line, but who knows the market right?
*This is not a financial advice. Trade safe.
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We broke the trend line. :) Things are looking good in the 1H chart. DI+ and DI- are crossing. But I would prefer to wait for the confirmation in the 4H chart and maybe a small pullback to find a strong uptrend. Unfortunately, the tradingview play button is not working to follow through the chart so I'm posting the charts here. 4H: Need to wait for confirmation. Couple of candles more...