Bitcoin Long or Short?!
Updated
Everything is shown on the chart. Lower timeframes show a bullish trend while daily and 4h charts seem to be bearish, at least a retest to 11120.
Bearish Signs:
- 4H Chart: The bigger uptrend channel needs a retest to 11120 or even 10926 support line.
- Daily Chart: supports the 4H chart and seems to fall BTCUSD to 11120.
- The smaller channel needs to be broken.
Bullish Signs:
- A smaller channel on 1HR and 4HR charts can be seen and the price is on the support line.
- There is a bullish divergence on the RSI (4H).
- There is a lot of news and Tweets about a pump.
4H Chart:
1H Chart:
Your thoughts?
Bearish Signs:
- 4H Chart: The bigger uptrend channel needs a retest to 11120 or even 10926 support line.
- Daily Chart: supports the 4H chart and seems to fall BTCUSD to 11120.
- The smaller channel needs to be broken.
Bullish Signs:
- A smaller channel on 1HR and 4HR charts can be seen and the price is on the support line.
- There is a bullish divergence on the RSI (4H).
- There is a lot of news and Tweets about a pump.
4H Chart:
1H Chart:
Your thoughts?
Trade active
Long opened @ 11421TPs: 11560, 11600, 11730
Trade closed: target reached
Target reached! Short potential from 11,800 and higherr
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