Overnight
I will keep this short. Overnight price action has put in a rather shallow (just shy of the 0.5), but very much an acceptable low. Both the Daily and 4H stoch RSI have turned quite bullish, and volume is kicking in. Observe the following count:
Targets:
Technicals:
4 Hour
4 Hour MACD trends:
Daily
One last thing
Log charts are very important to watch as well. If we consider a log chart, Bitcoin has yet to break its massive resisting trend line ('Two' upper trend line). This chart indicates a line segment of this trend line in fleshy red.
And as shown below on a blank chart:
Regards,
Arch
Thank you, this was helpful. Hope to see the volume start flooding in for bullish price action :)
You're welcome!