BTC/USD
-Bitcoin failed to break downward trendline resistance
-but manages to trade inside this bullish descending channel
-200MA is acting as dynamic support on a 4H chart
-technically, Bitcoin is on a 4H downtrend
-key immediate support must hold is the 6400 area
-if current price failed, next key support is at 6200 zone
-trading inside this channel is shorting the top and longing the bottom
-using tight stoploss on every trade
-as long as the price remains inside this channel, trading is choppy
-Bitcoin failed to break downward trendline resistance
-but manages to trade inside this bullish descending channel
-200MA is acting as dynamic support on a 4H chart
-technically, Bitcoin is on a 4H downtrend
-key immediate support must hold is the 6400 area
-if current price failed, next key support is at 6200 zone
-trading inside this channel is shorting the top and longing the bottom
-using tight stoploss on every trade
-as long as the price remains inside this channel, trading is choppy
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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.
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.