BTC 4 Hour ABC Correction

15 Mar 2023

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

15 Mar 2023

Not

bounced off the .382 to the penny

look for another drop.

This candle could signify a temporary reversal on lower timeframes.

16 Mar 2023

Not

Looks like a possible doji here.

RSI is forming new downward trend.

Price is stalling at a resistance.