So as I was saying on the last episode of my podcast, I saw Bitcoin in a more neutral stance in the short term and expected a slow grind up to the resistance level of $10,500. As of this morning, a little correction has occurred to $9700-9800 range. My view of a slow grind to $10,500 is still valid if the local support of $9650 is not broken.
Looking at the 4 hour chart, the MACD is in a bearish cross, which makes me wonder if it will continue.
The Stoch RSI is in oversold levels, which makes me wonder if it will rise dramatically with a large price candle up or with a slow grind up.
The RSI is in the middle of the channel which doesn't tell me much because of a neutral indicator.
The volume is steadily decreasing which means an imminent influx of high volatility. Hopefully in the upwards direction but I can't say for sure.
I'll take another look at the charts if Bitcoin breaks the $9650 support.
Here is a link to the previous analysis on my podcast: https://steemit.com/bitcoin/@divingman25/better-than-bitcoin-podcast-16
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