As we can see on the CMF , pressure is starting to build again and it is currently resting on the 200 on the 1HR chart. This has been tested two previous times and has held as solid support.
We have drifted just under the and had a TK Cross.
is currently not overbought or oversold.
This would be a riskier entry but if you set a stop-loss under the 200, this could provide you with an entry into $BAT which has overall been performing well.
On the 4HR, things still look . is actually approaching oversold, we still have a TK setup and a lush green cloud of support.
The 1D is approaching overbought, but the candles have broken up and above the which should act as a new support.
Overall, with the uncertainty of BTC in general, this is still a risky trade. $BAT is showing more signals than in my opinion, but risk management and stop-losses should always be applied.
Conservative traders should always wait until confirmation of a trend or breakout before entering.
It is currently oversold on all time-frames between 1 hour and 4 hour and is well out of the Bollinger Band on the 1 hour and about to step out on the 4 hour.
I would expect a bounce sometime soon as this does not seem to be driven by BTC volatility.
Again, conservative traders should wait for confirmation before entering a trade and stop-losses should be applied in case things continue to drop.