Present Day Looks Similar to September, 2019.
This “assumes” we continue down to potentially fill the Bitcoin CME Futures gap in the Daily time frame at $9,665. Is it still possible to continue sideways with support and NEVER fill the Bitcoin CME Futures gap at $9,665? Sure… it’s possible. I’m simply assuming “historical precedent” will continue until proven otherwise.
The Weekly Time Frame has a couple more days before close. It currently appears as though the Weekly will NOT “close” with the Red RSI making contact with the Green Line “while” the Green Line is going up.
The White Energy in the 3h and 6h are both higher than the Green Line; indicating potential for bearish sentiment to continue in those two time frames. Which could mean downward pressure continues at least through the weekend.