$BTC
81.443 Plunges Below DN 81.778 + RSI 20 Oversold! Bounce or Continue Down?
$BTC Quick update - breakdown!
4H - Breakdown + Severely Oversold
Price at 81.443,11 BREAKS BELOW 81.778,45 = 4H bearish signal. The 24h high of 84.352 is now a lower high.
RSI 20,25 = SEVERELY OVERSOLD (<30)! Lowest since August. This is a dip-buying zone, like in yesterday’s lesson, but don’t go all in.
MACD -142,26 red + DIF -267 below DEA -125 = bearish momentum is still strong.
Next support: 80.126,04 (September low)
1H - Also Hugging DN
Price at 81.425,42 is hugging DN 81.285,63. Almost breaking below it too.
RSI 33,00 is nearing oversold, MACD is red at -630,10 and still bearish.
MB 83.897,49 is now strong resistance.
BTC SETUP FOR TODAY:
BUY ON DIP - Scale In, Don’t Go All In (Safer):
Entry: 81.297 - 81.443 (24h low + DN)
TP1: 81.778 (4H DN, now resistance)
TP2: 83.014 (4H MB) = +1,9%
SL: 80.126 September low = -1,6%
SELL ON RALLY - For Those Who Missed the Short:
Entry: 83.014 - 83.897 (4H MB + 1H MB)
TP: 81.778 / 81.297
SL: 84.250 (4H UP)
TAKEAWAY: RSI at 20 on the 4H = a huge discount, but MACD is still red. This means there could be a small technical bounce to 81.778 first. It needs to hold above 81.297 to avoid continuing down to 80.126.
BTC, do you think it’ll bounce from 81.2k or continue down to 80.126?
#BTC #bitcoin
81.443 Plunges Below DN 81.778 + RSI 20 Oversold! Bounce or Continue Down?
$BTC Quick update - breakdown!
4H - Breakdown + Severely Oversold
Price at 81.443,11 BREAKS BELOW 81.778,45 = 4H bearish signal. The 24h high of 84.352 is now a lower high.
RSI 20,25 = SEVERELY OVERSOLD (<30)! Lowest since August. This is a dip-buying zone, like in yesterday’s lesson, but don’t go all in.
MACD -142,26 red + DIF -267 below DEA -125 = bearish momentum is still strong.
Next support: 80.126,04 (September low)
1H - Also Hugging DN
Price at 81.425,42 is hugging DN 81.285,63. Almost breaking below it too.
RSI 33,00 is nearing oversold, MACD is red at -630,10 and still bearish.
MB 83.897,49 is now strong resistance.
BTC SETUP FOR TODAY:
BUY ON DIP - Scale In, Don’t Go All In (Safer):
Entry: 81.297 - 81.443 (24h low + DN)
TP1: 81.778 (4H DN, now resistance)
TP2: 83.014 (4H MB) = +1,9%
SL: 80.126 September low = -1,6%
SELL ON RALLY - For Those Who Missed the Short:
Entry: 83.014 - 83.897 (4H MB + 1H MB)
TP: 81.778 / 81.297
SL: 84.250 (4H UP)
TAKEAWAY: RSI at 20 on the 4H = a huge discount, but MACD is still red. This means there could be a small technical bounce to 81.778 first. It needs to hold above 81.297 to avoid continuing down to 80.126.
BTC, do you think it’ll bounce from 81.2k or continue down to 80.126?
#BTC #bitcoin