Hey Traders Per my analysis yesterday , we have retested the Daily Trend line. Will be looking to take this all the way to the Top 4HR trend line. Unless we get a rejection of the current Green zone. Im seeing this continue Bullish. repeating, price can continue down to retest the Daily trend line considering it holds more weight. The move after the green zone...
*Please note my analysis is simply an idea and not financial advice. Trade with discipline and make responsible decisions.* Being said... When you look at my Chart analysis, pay attention to the first movement. We might retest the *4HR* Trendline. If we break this trend line we are looking for a Buy.102,842 & 102,518. Considering Bitcoin is in an overall uptrend...
I have alerts on each trend line. If we get a break of structure (BOS) I will enter in a short position, allowing us to catch a bearish move towards my first grey area. I am expecting Bitcoin to bounce off the Daily (D) Trend line. My Long entry will occur within my Green ZONE. Following With a retracement towards its current bullish Trend.