I do think btc will take a little dip to retest the 3750-3800 arena.
-if we look at stock rsi we will see at the 6 hour chart it is clearly oversold, this also applies to regular RSI, we can also see a double top on the 4h chart, so I'm pretty confident that it is now going to retest to confirm the bullish support. -MACD is also showing sings of losing the buy momentum.
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bearish flag formation
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I also now see that I wrote oversold instead of overbought which I obviously meant to say instead
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From what i can see the new 12H candelstick has problems to break the last support.
For me this is a confirm that it will go down as I mentioned earlier as we also see the stock rsi is moving downwards and the macd also do the same. What I want to look for is how bitcoin will behave around support of 60 or 40 on regular rsi\12H before I choose my next move
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The dip I was expecting has now happen, it need to hold support on this levels or it will go back down to 3200, I did clearly missed out on the last pump since I was expecting it to go to 3850 before it tested 4200.
What I now look for is how bitcoin will behave on the 200 EMA 12hour chart if it can manage to hold support here then I expect a small bounce up to 4k again in short term.