- Short term ; Support : 10000 & 9700 || Resistance : 10200 10500.
- I'm not change my 1st downtrendline (red) position and BTCUSD seems failing to regain a position above 1st down trendline (red) and currently nestled around 10200 resistance for now.
- I'm still waiting for the volatility around he apex of the triangle formation on 29 August until 1 September.
- Indicators on 4 hours tell a neutral zone, still leaning toward bullish side slightly;
|Stochastic RSI & RSI ( (1st panel indicator) still on bullish trend momentum as long it's above the neutral zone (white horizontal line) and maintain above it for a while.|
|OBV histogram(2nd panel indicator) is still increasing in volume and higher than previous peak for current time being.|
| DMI (3rd panel indicator) is consolidate below the neutral zone (white horizontal line) which tell us the current price action in weak movement in both direction. See all line (+DI,-DI & ADX) below the neutral zone indicate a low volatility market currently on 4 hour timeframe.|
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.