BitcoinShort
4-hour 300 MA as a trend confirmation
Look at the price behaviour in the last months. When bitcoin is in a downtrend, every bounce/correction stops at 300 MA on 4hr timeframe. And when bitcoin is in an uptrend, correction stops at the same 300 MA. Right now we have broken the 300 MA again, and the previous runup (bounce) has stopped on the same MA again.
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.