On the 4 hour chart, we could see: - Bearish divergence on Stochastic RSI. - Descending triangle.
We could expect BTC/USD to go down.
Disclaimer: This is not a finance/trading advice.
Good luck to you all!
Note
Short term upside for BTC/USD
Note
3 possibilities: -failed rally and continue to go down -break through the downward resistance but failed the 4500 resistance -break through both resistance and go to the 4800 level
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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.