BITCOIN is testing a strong midline daily resistance in confluence with the fibs, for now we are on the sidelines watching, this is a key zone if we can see price on the 4h timeframe a strong bullish close above the wicks this will show us the momentum is short term bullish and price can climb towards the next supply zone, on the other hand if price continues to throw wicks to the upside at this zone and reject we can expect price to come back down to the daily support, simple zone to zone trading - we are waiting for confirmations in either direction.
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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.