Btc is hanging in the blue rectangle. This is an important area for bulls and bears. In this area we had a lot of spikes, so is an high volatility zone (yellow circle).
The h4 chart has some bullish stuff.
1) DI shows that bulls are in control. If the purple line, crosses above the dotted line, we will have a confirmation of the strenght of the trend
2) The squeeze momentum show that the trend is strenght
3) We had a bullish cross on the fisher indicator.
In this moment I am more bullish than bearish, but we need more confirmations before open a trade
There are some levels to watch:
FOR LONG TRADE:
We need a break of 10200 (blue rectangle), with an h4 close above this level.
Targets: red rectangles (10600-10800 first, then 11000-11200)
FOR SHORT TRADE:
If BTC will get rejected from the actual area and the little green rectangle won't hold, it's possible to open a short
Targets: red rectangles (9500 first, 9100-9000 then)
* THIS IS ONLY MY OPINION AND TRADE IDEA. THIS IS NOT A FINANCIAL ADVICE. STUDY AND USE ALWAYS YOUR HEAD AND SKILLS *
The h4 chart has some bullish stuff.
1) DI shows that bulls are in control. If the purple line, crosses above the dotted line, we will have a confirmation of the strenght of the trend
2) The squeeze momentum show that the trend is strenght
3) We had a bullish cross on the fisher indicator.
In this moment I am more bullish than bearish, but we need more confirmations before open a trade
There are some levels to watch:
FOR LONG TRADE:
We need a break of 10200 (blue rectangle), with an h4 close above this level.
Targets: red rectangles (10600-10800 first, then 11000-11200)
FOR SHORT TRADE:
If BTC will get rejected from the actual area and the little green rectangle won't hold, it's possible to open a short
Targets: red rectangles (9500 first, 9100-9000 then)
* THIS IS ONLY MY OPINION AND TRADE IDEA. THIS IS NOT A FINANCIAL ADVICE. STUDY AND USE ALWAYS YOUR HEAD AND SKILLS *
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.
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.