HBAR.BTC (Y21.P2.E1).Cradle setup Hi Traders,
A cradle setup on the 4 Hrly with MACD convergence.
I believe BTC will find this current level as strong support so no surprises to break this setup.
How to trade this?
On the 1 hour, use the 13/50 ema x over as a confirmation tick in the box and
possibility the MACD cross over as well.
The closure of the 4 hrly bullish candle should be sufficient but I like looking at the lower time frames to get a feel for what's going on.
Ideally I would have liked the pullback a bit more deeper to one of these fib levels, so this part is the only thing that doesn't sit well with me.
Note, the blue ema's are the 10 and 20 on the 4 hrly.
All the best,
S.SAri