4 hour higher low still intact and trend still looking strong.
Daily RSI almost Oversold so risky to enter at these levels.
A break of 8828 would indicate further consolidation is on the cards
Potential scenario is BTC pulls back into the range between 9300 to 8800 and form another 4 hour higher low. Then i anticipate an equilibrium pattern to form with a break over the next few days.
High risk to reward at these levels.
Daily RSI almost Oversold so risky to enter at these levels.
A break of 8828 would indicate further consolidation is on the cards
Potential scenario is BTC pulls back into the range between 9300 to 8800 and form another 4 hour higher low. Then i anticipate an equilibrium pattern to form with a break over the next few days.
High risk to reward at these levels.
Order cancelled
BTC 4 hour broke .. consolidation is now under way.
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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.