BitcoinLong
BTC Hourly Equilibrium
Higher lows and lower highs forming on declining volume will set us up for a clear break of this range some time within the next 6 hours in my opinion.
The bulls have momentum in their favor, as well as the Risk/Reward scenario due to the proximity to all time highs.
Key support is the consolidation low at $4300. Currently holding a position entered during the consolidation last night and will exit with a $4300 break to reassess the situation from a cash position.
Correction: Resistance level on the chart should read $4370 resistance and $4300 stop level.
The bulls have momentum in their favor, as well as the Risk/Reward scenario due to the proximity to all time highs.
Key support is the consolidation low at $4300. Currently holding a position entered during the consolidation last night and will exit with a $4300 break to reassess the situation from a cash position.
Correction: Resistance level on the chart should read $4370 resistance and $4300 stop level.
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Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
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.