Where are we heading if we break this support ?!
Technical-Analysis
Coin: #Bitcoin
Timeframe: 4HR
Position: #Scalp
Direction: #NEUTRAL
R/R=
Not really a fan of diagonal trend lines but this one should hold for the bulls sake.
With current PA action, I am not really a fan of longing
BTC here, best play would be longing around 200D EMA.
If we break down from here I would consider $55000 as strong support, else 53k is next in line.
avoid high leverage in this chop zone and hold your spot positions.
SnFsignals
Coin: #Bitcoin
Timeframe: 4HR
Position: #Scalp
Direction: #NEUTRAL
R/R=
Not really a fan of diagonal trend lines but this one should hold for the bulls sake.
With current PA action, I am not really a fan of longing
BTC here, best play would be longing around 200D EMA.If we break down from here I would consider $55000 as strong support, else 53k is next in line.
avoid high leverage in this chop zone and hold your spot positions.
SnFsignals
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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.