BITCOIN BTC USD : BITCOIN ON THE 4 HOUR LOOKING BULLISH
I am going to post some lower time frame analysis starting today, since most of my analysis are MACRO and super long term. If you appreciate my work please LIKE, FOLLOW, AND COMMENT BELOW. THANK YOU
We are looking at Bitcoin on the 4 hour, and its looking quite bullish to me. MACD and STOCHRSI are moving up, and price action is above the 50/100/200 SMA's. A move to $24,150-$24,350 before a small pull back to about $23,600. At the pullback around $23,600 we should bounce strongly and complete the move to the upper resistance of the expanding wedge around $26,000 An invalidation to this would be a closure below $22900 on the 4 hour and would initiate a move to next support at $21,300 to $22,000. A closure above the resistance around 26k on at least a 4 hour would initiate a move to $27,300 to $28,400. At that time we will re-evaluate and see if BTC goes for the full move to $31,000. This is not trading advice this is just my opinion. Thank you
We are looking at Bitcoin on the 4 hour, and its looking quite bullish to me. MACD and STOCHRSI are moving up, and price action is above the 50/100/200 SMA's. A move to $24,150-$24,350 before a small pull back to about $23,600. At the pullback around $23,600 we should bounce strongly and complete the move to the upper resistance of the expanding wedge around $26,000 An invalidation to this would be a closure below $22900 on the 4 hour and would initiate a move to next support at $21,300 to $22,000. A closure above the resistance around 26k on at least a 4 hour would initiate a move to $27,300 to $28,400. At that time we will re-evaluate and see if BTC goes for the full move to $31,000. This is not trading advice this is just my opinion. Thank you
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