Bitcoin 4 hour downtrend
Bitcoin on the 4 hour is currently in a downtrend, using the yellow 21 EMA and red 10 SMA as resistance. Price action broke the bottom trend line support and is using the green liquid zone as last support level. A 4 hour candle close below 7850 and the support will be confirmed broken to the downside initiating the next major leg down
4 hour stochastic's have broken the previous trend line resistance but are looking weak to the upside and waiting to confirm a bearish cross at the stochastic neutral zone.
4 hour RSI is held beneath trend line resistance and currently testing the RSI EMA as support while in bear control zone.
4 hour stochastic's have broken the previous trend line resistance but are looking weak to the upside and waiting to confirm a bearish cross at the stochastic neutral zone.
4 hour RSI is held beneath trend line resistance and currently testing the RSI EMA as support while in bear control zone.
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