BTC 4H SHORT & LONG OPPORTUNITIES
Updated
# Bollinger Band are fully stretched, expecting minor correction to 9500-9450 level (EMA 100, and Bollinger Band middle line).
-- Go short from current level toward above mentioned level, price failed to close above 9800, and long shadow candle + volume confirming lesser demand.
# Fibonacci 0.786 and 0.618 both perfect levels for buying opportunity should these levels holds.
-- Be careful if price go lower than above mentioned fibonacci and tested 0.5 level hard, then do not open long just yet. Wait for confirmed reversal before making next move.
# DYOR always!
-- Go short from current level toward above mentioned level, price failed to close above 9800, and long shadow candle + volume confirming lesser demand.
# Fibonacci 0.786 and 0.618 both perfect levels for buying opportunity should these levels holds.
-- Be careful if price go lower than above mentioned fibonacci and tested 0.5 level hard, then do not open long just yet. Wait for confirmed reversal before making next move.
# DYOR always!
Note
I don't see a comeback for bull, 9320 (red dotted line) is a very important support, expecting a test of next support at 9100-9000. Some retracement to test resistance 9400-9500 is expected. This is where another opportunity to enter short position.
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