4h BTCUSD UpdateWe are still in the bear channel, with the 50 EMA (Yellow) slowly getting father away from the 200 EMA (Blue). Price seems to be slowly fading to the down, with a possible falling wedge forming, which could give us a relief bounce to the upper line of the triangle.
My short setup is still in play.
Eyes open and safe trading folk.
Xbtc
BTC (Prj.2019.P04.E02.v2).Micro Level TASummary:
A number of indicators showing major resistance:
> Ichimoku resistance level
> 50/200 EMA/SMA on the 4 Hrly
> Previous resistance levels
> Formation of RSI reflecting price value
> Sloping resistance with LH
All other related information\summary for the MACRO level is in the previous post
Close up on 4 Hrly
Next move IDEAWatch for the purple circle and WAIT for confirmation of green trend line break (even back test for conservative traders) OR bull triangle breakout w/ tight SL or cross (<6000liq) loose SL. I would lean towards the former. This obvi applies to Bitmex however I chart on stamp. GL & this is not financial advice my dudes/dudettes.