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dragoncharts
Dec 4, 2020 3:41 AM

$BTC / USD 4H "Can chop longer than you can stay sane" ~$18K dip Long

Bitcoin / United States DollarCoinbase

Description

BTC / USD 4H Chart
- no indicators
- support levels in green
- resistance levels in red

Bitcoin pushing a breakout of the historic 20K all time high. No need to fight the clear trend here, but try to avoid getting chopped up. I think there is potential for Bitcoin to range around 18K (white box on chart) for a little while before retesting the top of the channel. Chop trading plan - buy the dip around lower 18Ks, ideally play the ATH breakout with a retest of around 20K and then the real fun begins.
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