hello everbody,
first of all, thank you for giving me a chance to take a look on this trading idea.
we saw bitcoin continue to chop sideways in recent weeks. lately, after BTC hit oversold again on the 4h chart, we saw BTC went up above $40k again. the question remain the same, will BTC manage to hold this price range?
I am always bullish on bitcoin. but at the same time, i prefer to be cautious and DCA for the long term.
i took my time and study BTC chart, and i see this potential H&S might be forming. there is a bearish divergence already confirm on the 4H chart. if this trade plays, we might see BTC hit around $39-38k again.
what are your thought on this?
first of all, thank you for giving me a chance to take a look on this trading idea.
we saw bitcoin continue to chop sideways in recent weeks. lately, after BTC hit oversold again on the 4h chart, we saw BTC went up above $40k again. the question remain the same, will BTC manage to hold this price range?
I am always bullish on bitcoin. but at the same time, i prefer to be cautious and DCA for the long term.
i took my time and study BTC chart, and i see this potential H&S might be forming. there is a bearish divergence already confirm on the 4H chart. if this trade plays, we might see BTC hit around $39-38k again.
what are your thought on this?