BITCOIN Oversold Charts Looking For Support At $3,650steemCreated with Sketch.

in bitcoin •  2 months ago

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The 4-hr chart is pretty oversold now and has been for the last several bars. The level isn't crazy low, but it does represent the first time we've seen this condition in a while.

Right now, there's strong support at the previous resistance level of $3,650. Likely, I think we will see some bounce action here, even though it's still a very bearish setup.

Action seems a bit slow for now, but longer-term charts seem decent for this level as well. Hoping for a bit of a bounce. We're still technically holding higher lows on the weekly.

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Thanks for posting upsate

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thanks so much!

Nice TA... I'm buying the dip (:

Cheers #HappyTrading