-4hour is already reaching overbought - 91.6,83.5 (overbought and running out of gas)
-4hour 50.2 (nominal, but approaching overbought levels, closer to overbought than oversold)
-price is below 200
-50/200 cross recently which is significantly
-current news is as china has 3 exchanges that have announced they are going to stop trading or even closing for good. How many other chinese exchanges will close? Honestly, I really hate that China pulls these sort of weasel moves.
-support candles on 1 hour, 4 hour, daily are weak in comparisson to other strong support candles. To me this says a good indicator of another correction phase.
-1 hour shows a current t-k cross, but price is well above, so we may see a t-k cross.
-4 hour shows t-k cross.
If you guys are long-term then this would be a good buying opportunity as China will likely say "Oh wait...we have unbanned trading on exchanges." They do this crap all the time.
Fundamentally, blood is on the streets and a wise (long term) investor buys when 80-90% of them are running out.
Honestly, though, I would just buy eth, not btc , because it has higher potential for return and a higher rate of innovation.
The best entry would be when falls below 30 and hits 0,7 or below
-4 hour stoch rsi says it should fall further, (74.7,75.98)
-4 hour rsi -50.7
-the candles still say btc/usd has weak support on 4 hour.