Approaching Multiday Trendline and Stoch/RSI Oversold
Please follow the following analysis according to my left pane.
Still have a little room down on the RSI, but the stochastic is already oversold on the daily. Could see a wick down to beginning of the selloff range as a spring for higher highs, but my money is off the diagonal trendline since we have a lot of volume there on the VPVR as well.
Unless btc decides it wants to go for lower lows, I see this as the start of a spring up to previous value area of around 30k on the mid-term TF.
Still have a little room down on the RSI, but the stochastic is already oversold on the daily. Could see a wick down to beginning of the selloff range as a spring for higher highs, but my money is off the diagonal trendline since we have a lot of volume there on the VPVR as well.
Unless btc decides it wants to go for lower lows, I see this as the start of a spring up to previous value area of around 30k on the mid-term TF.
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