BTC first bigger retracement on the way?

RSI momentum decreasing on the 1D TF (+divergence)

RSI momentum leveling out on the 1W TF and seems to starting a turn upwards

Possibly setting up for a first bigger retracement, but still room for further down movement I think, if you compare to the "januari sell-off"!!

just my 2 cents ;-)
JD.

#nottradingadvice #DYOR

Commento:

Setting up for a bounce back at the green or red trendline?

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I guess it bounced off the red line,... quite exactly actually! ;-)

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Let's see if the histogram bounces off this trendline or breaks it.
With a break a further down move is to be expected.

Commento:

Bounce or break coming closer!

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If the histogram bounces back down from the green trendline, I expect a retracement back to the wedge that I think is forming.

Commento:

...and it bounced back to retest the lower resistance level! ;-)