Orriginal

Bitcoin 4 hour Update

INDEX:BTCUSD   Bitcoin

We just made a Lower Low and currently bouncing.
Assuming that we are about to continue higher, we need a Higher High to confirm recovery.
This would require breaking through 72800 USDT
PA is no longer over bought on lower timrframes to the weekly, where it is still overbought.
Be Cautious untill that point is passed and held.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.