BTC 4hr in the sideways channel from mid-August We have just had the first 4hr rsi reset to 25 since mid-July bottom from the May retracement (I use 75-25 not 70-30 in more volatile assets) Couple this with a reset positive macd and if the volume returns we should start to see a recovery move towards the POC above the 99 and 200 ma's and the Ichimoku cloud This process could play out through September maybe in the last week of September before we see full recovery and a move to new territory
Comment:
BTC move took us above the $48k POC and now sits above the 99 & 200 ma's as well Need to see her close outside the POC maybe retest turn support