BTC 4H Bearish
Updated
Hi traders,
as you can see, not much changed since my previous post.
Our 4H Pivot Point based Support and Resistance lines have now become zones, which makes a lot more sense. This is always the case, I just needed time to get the confirmation on how to draw the zones exactly. We have new Pivot Points now, so here they are.
On this chart, I'm still feeling bearish, but still not taking a position as we are in a very crucial zone, and those who follow me know by now that I'm a conservative trader. I never hunt the perfect entry, but always try to find the less risky entry.
However, for those of you who like a little excitement, on the 1H chart (screenshot will be posted below as comment), you can try to take a scalp if one of the two Trend Lines, based on 1H Pivot Points, breaks.
If you agree, please give me a thumbs up or leave a comment, also if you disagree. Thanks!
Happy trading :-)
as you can see, not much changed since my previous post.
Our 4H Pivot Point based Support and Resistance lines have now become zones, which makes a lot more sense. This is always the case, I just needed time to get the confirmation on how to draw the zones exactly. We have new Pivot Points now, so here they are.
On this chart, I'm still feeling bearish, but still not taking a position as we are in a very crucial zone, and those who follow me know by now that I'm a conservative trader. I never hunt the perfect entry, but always try to find the less risky entry.
However, for those of you who like a little excitement, on the 1H chart (screenshot will be posted below as comment), you can try to take a scalp if one of the two Trend Lines, based on 1H Pivot Points, breaks.
- This is not financial advice, but meant for educational purposes.
- As always, Do Your Own Research!
If you agree, please give me a thumbs up or leave a comment, also if you disagree. Thanks!
Happy trading :-)
Note
1H scalp possibility
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