Bitcoin | Quick short term update!
Updated
#Bitcoin made a good bullish move yesterday but wasn't able to break the resistance at 17400 (200 MA on 4h time frame).
- As long as bitcoin not able to close at least 1h candle above 17200 we should see lower prices.
- I think bitcoin is going to test 16600 support (100 MA on 4h time frame)
- If bulls wasn't able to show a good price action there there is a high probability to break this support and visit 16k.
- As long as bitcoin not able to close at least 1h candle above 17200 we should see lower prices.
- I think bitcoin is going to test 16600 support (100 MA on 4h time frame)
- If bulls wasn't able to show a good price action there there is a high probability to break this support and visit 16k.
Trade closed: target reached
Note
#Bitcoin perfectly hit our target and we see some stability in micro time frames above this support (the green area). volume are low and there is a high possibility to break this support and test 16k.
stay safe and make sure to follow good risk management strategy.
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