Technical-Analysis
Coin: #Bitcoin
Timeframe: 4HR
Position: #Scalp
Direction: #NEUTRAL
R/R=
Not really a fan of diagonal trend lines but this one should hold for the bulls sake.
With current PA action, I am not really a fan of longing $BTC here, best play would be longing around 200D EMA.
If we break down from here I would consider $55000 as strong support, else $53k is next in line.
avoid high leverage in this chop zone and hold your spot positions.
SnFsignals
Coin: #Bitcoin
Timeframe: 4HR
Position: #Scalp
Direction: #NEUTRAL
R/R=
Not really a fan of diagonal trend lines but this one should hold for the bulls sake.
With current PA action, I am not really a fan of longing $BTC here, best play would be longing around 200D EMA.
If we break down from here I would consider $55000 as strong support, else $53k is next in line.
avoid high leverage in this chop zone and hold your spot positions.
SnFsignals