It's just a waiting game at this point. Although this a 4 hour, the daily indicators are in a downslide, which effects the 4 hour power. I'm still shorting, riding the rollercoaster. Expecting $ 600 ~~ $ 1,800 more decline, over course there's potential upside, not likely over 8.6 k, imo.
Here's the set of 4...basically I'm looking at how everything relates to entering the red areas, since I think it's going south further eventually.
Price .. it's an color oval overlay to gauge progress.
MAC'd .. keep an eye on the lower time frames to see how it's shaping the 4 hour.
RSI & MFI .. the 'stoch' helps, but not on this set.
ADX & DI .. strength indicator
Here's the set of 4...basically I'm looking at how everything relates to entering the red areas, since I think it's going south further eventually.
Price .. it's an color oval overlay to gauge progress.
Comment:
new set of 4 16 hours later.. i have another chart specifically for the #5 leg using the one hour made, for our reference.
Price .. retracement fib is including extended downside, if/when it breaks. currently price seems to still be following the set-up.
MAC'd .. has completed it's ceiling bounce downwards now.
RSI & MFI .. purple rsi heading south, the green MFI might push up again soon.
ADX & DI .. Flux about to kick-in, bearish trend registered.
Price .. retracement fib is including extended downside, if/when it breaks. currently price seems to still be following the set-up.
Price .. i did the math on the 12345, it works out within rules. i left the last #5 to complete the Fib.