BTC 4 Hour Oversold Bounce Watch
We are looking for a low to be set today and for BTC to bounce from 4 hour RSI in the mid to low 20s as we have seen many times in the past.
Scaling into entries at this point with cash on the side to add another leg down is the strategy.
We will be watching for either a flush climax kind of bounce, or a change in the hourly trend to indicate a bottom is in.
All last night we have gotten oversold short term, bounced to see bear flags cool off short term RSI, then a drop to lower lows.
Scaling in slowly, keeping cash to average down, and locking in small profit on the bear flag bounces has been the strategy to manage entries and prevent from being all in with no game plan if we continue down.
I will go over this more in depth in the video this afternoon.
Scaling into entries at this point with cash on the side to add another leg down is the strategy.
We will be watching for either a flush climax kind of bounce, or a change in the hourly trend to indicate a bottom is in.
All last night we have gotten oversold short term, bounced to see bear flags cool off short term RSI, then a drop to lower lows.
Scaling in slowly, keeping cash to average down, and locking in small profit on the bear flag bounces has been the strategy to manage entries and prevent from being all in with no game plan if we continue down.
I will go over this more in depth in the video this afternoon.
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