Hello all, here I will share you about the lower time frame view, which I do believe is still valid for now. let's make it short and detail.
Intraday level
1. This could be the 5 impulse wave going down.
2. There is a massive bullish divergence on the RSI and MACD on the 1 hour time frame
3. Scalping long opportunity when we get the confirmation of the end of wave 5.
4. White region is a major resistance for bitcoin
I'm waiting for long opportunity for scalping play with target between $10000 - $10200. Entry point when the price is breaking out of the green region. For long term, as long as the price doesn't break down of the white resistance trend line, bulls are still in control.
Intraday level
1. This could be the 5 impulse wave going down.
2. There is a massive bullish divergence on the RSI and MACD on the 1 hour time frame
3. Scalping long opportunity when we get the confirmation of the end of wave 5.
4. White region is a major resistance for bitcoin
I'm waiting for long opportunity for scalping play with target between $10000 - $10200. Entry point when the price is breaking out of the green region. For long term, as long as the price doesn't break down of the white resistance trend line, bulls are still in control.
