Bitcoin Short Term Long Opportunity on 4 Hours Chart.
This trade idea is based only on support and resistance.
As of now, we are currently breaking out upward on a trendline. Risk-to-Reward ratio is 2:1 but it can go higher. It can break 23,000 level if the upward trend will continue.
+ADX is also above ADX so it is also a strong indicator we are bullish in this 4 Hour-Timeframe for the short time.
As of now, we are currently breaking out upward on a trendline. Risk-to-Reward ratio is 2:1 but it can go higher. It can break 23,000 level if the upward trend will continue.
+ADX is also above ADX so it is also a strong indicator we are bullish in this 4 Hour-Timeframe for the short time.
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