Bitcoin 4H Daily Short-Term Update (Bullish)
Bitcoin is looking good short-term across multiple timeframes...
The 1H timeframe is looking good as mentioned in our previous trade idea, we have a rising channel with higher highs.
Now, the 4H timeframe is also looking good.
As BTCUSD is trading above EMA10, EMA21 and EMA50, we see a bullish breakout happening now.
The cup pattern is now in full display signaling that our low/bottom is already in.
The MACD looks good above zero/bullish.
The RSI is super strong.
Slow and steady and we believe it will start to speed up.
Conditions for change
We remain bullish above the 10-Jan. low at $39558.
Any trading above this level we are bullish.
If prices move below 39.5K we start to consider the bearish scenario.
We are bullish now.
Enjoy.
Namaste.
The 1H timeframe is looking good as mentioned in our previous trade idea, we have a rising channel with higher highs.
Now, the 4H timeframe is also looking good.
As BTCUSD is trading above EMA10, EMA21 and EMA50, we see a bullish breakout happening now.
The cup pattern is now in full display signaling that our low/bottom is already in.
The MACD looks good above zero/bullish.
The RSI is super strong.
Slow and steady and we believe it will start to speed up.
Conditions for change
We remain bullish above the 10-Jan. low at $39558.
Any trading above this level we are bullish.
If prices move below 39.5K we start to consider the bearish scenario.
We are bullish now.
Enjoy.
Namaste.
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