Good week everyone, H4 outlook for btc.
As we can see btc is one more time approaching resistance level (orange) and it'll try to break it again.
Bullish confluences:
- Low volume on selling waves (check indicator), looks like there is no interest selling right now
- Thats candle spikes (like the balloon demarcated one) are definetly killing some bulls stop losses, whales are eating them and this is bullish behaviour.
- Ascending trendline already confirmed, touched more than 2 times.
Bearish confluences:
- Small rsi bearish divergence, no big deal IMO
- We are closing WEEKLY resistance (check related idea)
Strategy: either wait another touch on trendline and scalp aiming resistance or wait for a good breakout with reasonable volume (not huge, just above average) above resistance and aim previous resistances at 4600-4800 zone.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
As we can see btc is one more time approaching resistance level (orange) and it'll try to break it again.
Bullish confluences:
- Low volume on selling waves (check indicator), looks like there is no interest selling right now
- Thats candle spikes (like the balloon demarcated one) are definetly killing some bulls stop losses, whales are eating them and this is bullish behaviour.
- Ascending trendline already confirmed, touched more than 2 times.
Bearish confluences:
- Small rsi bearish divergence, no big deal IMO
- We are closing WEEKLY resistance (check related idea)
Strategy: either wait another touch on trendline and scalp aiming resistance or wait for a good breakout with reasonable volume (not huge, just above average) above resistance and aim previous resistances at 4600-4800 zone.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Comment:
Incredible pump but...really? just trailing all cripto S.L holdings right now
