- Support : 10000 & 9700 || Resistance : 10200 & 10500 || Range : 10027.83 — 10215.00.
- BTCUSD had been lately on low volatility it seems and near it's apex of nearest pivot point on the next day. See the nearest down trendline and uptrend line is intersect (red).
- Expect some kind of movement on each pivot point on the next day until 01 september if the price action still within down trendline 1 and green pitchfork line.
- I'm leaning slightly bullish because the downtrend line 1 is keep being tested since recent peak on early august. While the indicators itself shown a neutral/undecided trend.
- |RSI & Stochastic RSI {1st panel] still hovering on neutral zone while Stochastic RSI is downward movement meaning there's no price volatility in sight and low momentum in price action for current trend.|
- |OBV histogram (2nd panel) is show a miniscule of volume change in recent day. it's quite clear to see this in effect by looking at the price range today is considered slow.|
- |DMI (3rd panel) is still below the white line and it's clear this recent trend is quite low/no volatility insight. calm before the storm maybe?.
Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.