BitcoinShort
BTC 4 hour oversold Bounce
The setup was there for a flush under key support, stop losses to trigger, and an oversold bounce to be the play last night. $3960 is the current top and $3900 must hold to keep the higher lows. Caution to bulls up at these levels as the bulls will likely run out of momentum on this bounce shortly. $4,000 psychological resistance will be key resistance if we see continuation. Personally not making any bullish entries up here after already locking in a flip on the bounce.
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Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
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.