Looking at the h4 chart i see that bulls are still shy and btc doesn't have the strenght to go up (at the moment).
The 200 MA is blocking the price. At the same level in h1, we have the top of the Ichimoku cloud, so 10500 it's hard to break.
The ADX and DI show that the trend is still bearish (not so strong) and the bulls aren't here.
The last h4 positive candle that closed at 10400, is a candle with very low volume and the next one is a doji. This is bearish for me.
MFI shows a bearish divergence, because the price went up, while MFI went down.
At the moment i could expect more dump but I still think that in the next days btc will go up.
I'm looking at the red rectangle to long again, with 10600-10800 as target for the bounce.
I'll update if btc reaches the red rectangle!
The 200 MA is blocking the price. At the same level in h1, we have the top of the Ichimoku cloud, so 10500 it's hard to break.
The ADX and DI show that the trend is still bearish (not so strong) and the bulls aren't here.
The last h4 positive candle that closed at 10400, is a candle with very low volume and the next one is a doji. This is bearish for me.
MFI shows a bearish divergence, because the price went up, while MFI went down.
At the moment i could expect more dump but I still think that in the next days btc will go up.
I'm looking at the red rectangle to long again, with 10600-10800 as target for the bounce.
I'll update if btc reaches the red rectangle!