BTCUSD 4H CHART BITCOIN MARKET CONDITIONS

By WaineNZeddmo
Updated
Strogn downtrend can be seen on the BTCUSD pair.

As the pattern developes, we can see a double bottom or H&S.

Entry/Exit levels are suggested for both scenarios.

ADX in range, with +/-DI crossing.

There is no long/short suggestion at the time. Just keep watching the market.

WNZ
Get live updates and analysis of the cryptocurrency market: t.me/ZeddmoTrading
Comment
We have a nice break from downtrend. Now it is time to defeat resistance line over 4100 to go long with decreased risk
Comment
We are looking right now for a double bottom pattern. Time to analyze altcoins
4hBTCUSDchartChart PatternsconditionsTechnical IndicatorsmarketTrend Analysis

Disclaimer