BTCUSD September 1 2019 Update

Support : 9500 & 9400 | Resistance: 9700 & 10000 | Range: 9593.50 — 9644.87

• BTCUSD consolidate around 9600 in recent days due to low volatility price action on weekend. (this chart/post also quite similar topic for 31 August 2019)

• For short term, BTCUSD manage to regain above 9500 area which is a good sign for bullish trend. If the price action could hold above it might be a good start for another rally up toward 10000k or higher. Conversely, break 9400 might get a high probability for bear to continue it's down trend toward 9000 support.

• look at down trendline (red) is expected to be pivot point which could led a volatility once meet that downtrend line

• Indicators (from top to bottom panel) at 4 hour is mixed :

• Stochastic RSI already enter toward bullish momentum movement for current price while RSI itself didnt confirm a bullish trend for now/ still in bearish trend. Although RSI and stochastic RSI still making a higher low so far which is a good sign for bull.

• OBV is making a lower high from yesterday high which is a bad sign for bull. indicate a lack of new volume in recent price action. Unless if it manage to increase higher than previous high in the near future. Take a consideration for low volatility on recent time.

• DMI is currently dominated by seller. No significant reversal is detected yet.

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.