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Short

BTCUSD: Analysis using Ichimoku 08/07/2020

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
H4
On D1, the cloud is directing downward, indicating a downtrend. The price also reached a downtrend line on H4.
Conclusion:
Locally, we recommend selling when the RSI reaches an oversold level on the H4.

H1
At H4, the cloud is directing upward, indicating an uptrend. The price also reached a downtrend line on H4.
Conclusion:
Locally, we recommend selling when the RSI reaches an overbought level on the H1 near level of 9450.

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