$BTC (Long Thread)
4h - trading close to the lower end of the bigger range. No reaction from daily demand allows me to discard this level for the time being.
Just formed a couple of equal lows above the Fib pocket, so I might justify a quick scalp long if we get some sweep there.
Further down, we have 4h demand along with the 0.75 level, just at the range low, so definitely interested in doing some business there.
RSI still going up while price goes down. RSI level 50 still acts as resistance.
4H trend far above, now around mid-range.
4h - trading close to the lower end of the bigger range. No reaction from daily demand allows me to discard this level for the time being.
Just formed a couple of equal lows above the Fib pocket, so I might justify a quick scalp long if we get some sweep there.
Further down, we have 4h demand along with the 0.75 level, just at the range low, so definitely interested in doing some business there.
RSI still going up while price goes down. RSI level 50 still acts as resistance.
4H trend far above, now around mid-range.
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