1 hour BTC - Price action

22 Şub 2020

I think at this point in time because of the weekend and low volume (except for the random spurts of high volume), we should anticipate watching price action closely, along with trend lines. Some indicators are running flat, some of indicators (Stoch) are either all the way (down or up). So this leads to confusion and it's best to follow price action very closely until a confirming trend has been established.

22 Şub 2020

Not

What are we seeing. I've placed price action arrows. I generally expect some results as follows... Green indicating more strength, Gold still a wash out and sideways price action, and Red indicating weakness and further price drop. Here below I'm showing the indicators on the 1 hour and it is flat. The bottom indicator box is showing the STOCH RSI (double thin lines) are ready for the move downwards.