Bitcoin / TetherUSUpdated Choppy Bitcoin action. Reversal soon?
Hello traders,
Looking the 4 hour chart, Bitcoin is trying to go above 1 week long down trend. We had breakout earlier today, and try to confirm blue trendline as support.
Bullish targets are indicated in red based on dynamic volume profile:
1) 8.18K
2) 8.35K
3) 8.55K
If we go below blue trendline, it will most likely re-test 7.7K again. I still want to see Bitcoin dips around 7.5K, which will create daily bullish divergence.
Looking the 4 hour chart, Bitcoin is trying to go above 1 week long down trend. We had breakout earlier today, and try to confirm blue trendline as support.
Bullish targets are indicated in red based on dynamic volume profile:
1) 8.18K
2) 8.35K
3) 8.55K
If we go below blue trendline, it will most likely re-test 7.7K again. I still want to see Bitcoin dips around 7.5K, which will create daily bullish divergence.
Trade closed: target reached
First target reached!
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Related publications
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.