Bitcoin: 4H analysis
Hi guys
I hope you have used and benefited from the previous analysis.
As you can see, Bitcoin has formed a rectangle between the 30,000 and 31,000 levels and is constantly fluctuating.
Now the support of 30.500 and the moving average of 50 are at the same point and together they have formed a strong support that the price is expected to move to 31.000 after hitting this area.
I hope you have used and benefited from the previous analysis.
As you can see, Bitcoin has formed a rectangle between the 30,000 and 31,000 levels and is constantly fluctuating.
Now the support of 30.500 and the moving average of 50 are at the same point and together they have formed a strong support that the price is expected to move to 31.000 after hitting this area.
Trade closed: target reached
TP hit!! +30 pips
Enjoy guys!
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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.
Related publications
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.