BTC first downtrend line brake!
Updated
Hey guys, here is a chart of BTC how I see it.
So BTC on 4H broke the first downtrend line but didnt yet confirm at least 1-2 candles on in, so if you want risk a little bit more you can open LONG trade here, or you can wait for confirmation.
STOPs at 9.7k and 9.5 k
RSI is bullish at 58 levels and still more to upside.
MACD is in uptrend but still a little lazy.
ADX shows strong trend reversal but still in early stage as blue line is at 16, and we need over 25 to be confirmed.
From here I see confirmation of 4H candle on PINK line and maybe a little play on blue uptrend line before it brakes 10.8k and 11k that has been pretty hard for BTC to mantaing over last weeks or so.
If we can hold over 11k and not fall trough again for sure 12k is next step up!
Thats it for now!
Please like,follow and comment if you see good content here!
Peace!
So BTC on 4H broke the first downtrend line but didnt yet confirm at least 1-2 candles on in, so if you want risk a little bit more you can open LONG trade here, or you can wait for confirmation.
STOPs at 9.7k and 9.5 k
RSI is bullish at 58 levels and still more to upside.
MACD is in uptrend but still a little lazy.
ADX shows strong trend reversal but still in early stage as blue line is at 16, and we need over 25 to be confirmed.
From here I see confirmation of 4H candle on PINK line and maybe a little play on blue uptrend line before it brakes 10.8k and 11k that has been pretty hard for BTC to mantaing over last weeks or so.
If we can hold over 11k and not fall trough again for sure 12k is next step up!
Thats it for now!
Please like,follow and comment if you see good content here!
Peace!
Trade closed: stop reached
If you bought time of creation this chart you probably got stopped out on this BTC breakdown.But all is not lost ,now you have re even better lower point to enter, wait for confirmation of trend and reversal and hop on it@
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