Hi Traders,
Continuing off from out last post, we now have hit a support (expected) level.
Now the question remains, is this a temporary bounce or do we have better than what most people are thinking now?
The 4 hour indicators suggest we are likely to hold this level and move up. Question is how far up?
Daily chart: Indicators on the Phoeix showing green RSI approaching red to cross over.
If the cross over, you can see that a) its a bullish daily candle and b) historically price went up.
All the best
S.SAri
Continuing off from out last post, we now have hit a support (expected) level.
Now the question remains, is this a temporary bounce or do we have better than what most people are thinking now?
The 4 hour indicators suggest we are likely to hold this level and move up. Question is how far up?
Daily chart: Indicators on the Phoeix showing green RSI approaching red to cross over.
If the cross over, you can see that a) its a bullish daily candle and b) historically price went up.
All the best
S.SAri
Note
These lines are more precise from the general post and BTC has broken the wedge and now hitting its first resistance which could bring it back to test the wedge line or break the resistance decisively. We broke 55500 which is one of many levels on the way up.
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Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.