BitcoinShort
BITCOIN rejected on the MA50 (4h). 95k possible.
Bitcoin is trading inside a Channel Down pattern which has just formed a Lower High on the MA50 (4h).
This is a technical rejection, which after holding the MA200 (4h) previously, now should aim for a final Lower Low on the next support level, the MA100 (1d).
Trading Plan:
1. Sell on the current market price.
Targets:
1. 95000 (-10.70% decline as the previous bearish sequence of the Channel Down and potential contact with the MA100 (1d)).
Tips:
1. The RSI (4h) is about to cross under its MA trend line again, confirming the bearish move.
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This is a technical rejection, which after holding the MA200 (4h) previously, now should aim for a final Lower Low on the next support level, the MA100 (1d).
Trading Plan:
1. Sell on the current market price.
Targets:
1. 95000 (-10.70% decline as the previous bearish sequence of the Channel Down and potential contact with the MA100 (1d)).
Tips:
1. The RSI (4h) is about to cross under its MA trend line again, confirming the bearish move.
Please like, follow and comment!!
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Also doing account management, earn +15% monthly profit!
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.