As you can see in 4H diagram (American Session), BTCUSD pair is into a symmetric triangle. There is strong support @ 633.25 from down side of the triangle as much as from 1.618 of fib.
MACD is bearish, RSI is downtrending. So the triangle gets all the focus.
Above the triangle is long , under the triangle is short. If it breaks the 633.25 support (short) take profit @619.25, level of the Kijun Sen(blue line). After that the strategy will be wait and see because there is possibility of reaction. Generally BTCUSD consolidates between 555 - 650.
MACD is bearish, RSI is downtrending. So the triangle gets all the focus.
Above the triangle is long , under the triangle is short. If it breaks the 633.25 support (short) take profit @619.25, level of the Kijun Sen(blue line). After that the strategy will be wait and see because there is possibility of reaction. Generally BTCUSD consolidates between 555 - 650.
