Long

BTC/USD H4 Update

BTC is finding support on the .382 level of the most recent impulse on the H4 timeframe. The price action is also finding support on the H4 100 simple moving average. RSI is 44 at time of publishing. Price is also near a local rising support. I think anything at or above the .382 retracement level is a good buy for the weeks to come. We might have a few days of sideways as the bull flag forms.

Not financial advice. Do your own DD.

Thanks for viewing the idea.

Note

Here is the Breakout from the hourly chart

Note

continuation of breakout on the hourly chart shown below. the 5.618 extension had a wick touch.

Note

BallsOfSteel32

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.