TheChartGuys

BTC Low of Consolidation Test

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTC currently in a clear 4 hour downtrend, and I am continuing to either wait for 4 hour oversold conditions, or a change in trend on this time frame before I make an entry.

Daily consolidation still underway with the pattern of a lower high every day.
Daily EMA12 support being tested again this morning.
It would require a break down to the upper $10,000s to see 4 hour RSI hit oversold today.
Daily consolidation remains healthy, it would require a bear volume spike and notable drop under daily EMA support to change that.
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