BTC 4 Hour ABC Correction

RSI is 68 and appears to be trending downward.

ABC correction possible on the 4H timeframe.

Puts the price action around the .5 fib which is a large area of interest.

Purple box is where I am watching the price to reverse to buy on the way up.

NFA

Do your own DD

Kommentera:

bounced off the .382 to the penny

look for another drop.

This candle could signify a temporary reversal on lower timeframes.

Kommentera:

Looks like a possible doji here.

RSI is forming new downward trend.

Price is stalling at a resistance.