My earlier update:
BTC is currently testing the support at $7922. The RSI hit a low of 19 and bounced back I have marked a couple of price ranges when the RSI was that low. A minimum of 8-9% bounce was followed. Will it bounce now? We will take a safe position only when $8034 is broken and with good volume, it will be tough to catch a close on a 4 hour chart.
BTC is currently testing the support at $7922. The RSI hit a low of 19 and bounced back I have marked a couple of price ranges when the RSI was that low. A minimum of 8-9% bounce was followed. Will it bounce now? We will take a safe position only when $8034 is broken and with good volume, it will be tough to catch a close on a 4 hour chart.
If you have the risk appetite a long position on the move because of the bullish divergence on the OBV.