BTCUSD TECHNICAL ANALYSIS ON H4 TIMEFRAME
Hi.
It seems that Bitcoin hasn’t decided yet where to go,not to mention that the prices are stucked in a symmetrical triangle.
If the prices break above 10300$ which is the triangle resistence,the prices may rise as much as the triangle’s height.
Note that 100 SMA has crossed above 200 SMA which indicate that buyers are ready to take the control of market.
Moreover,stochastic indicator is moving up and it has just came out of oversold area.
However,if the prices cannot break above the afforsaid resistence,it may fall down to 9800$ or even lower.
with you many pips.
thanks for visiting.
It seems that Bitcoin hasn’t decided yet where to go,not to mention that the prices are stucked in a symmetrical triangle.
If the prices break above 10300$ which is the triangle resistence,the prices may rise as much as the triangle’s height.
Note that 100 SMA has crossed above 200 SMA which indicate that buyers are ready to take the control of market.
Moreover,stochastic indicator is moving up and it has just came out of oversold area.
However,if the prices cannot break above the afforsaid resistence,it may fall down to 9800$ or even lower.
with you many pips.
thanks for visiting.
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