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.
Comment: Incredible pump but...really? just trailing all cripto S.L holdings right now
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