BTC/USDT 4HInterval Chart Review
Hello everyone, let's take a look at the 4H BTC to USDT chart, as we can see how the uptrend is maintained locally and the price has been offset by the main downtrend.
Let's start by setting goals for the near future that we can include:
T1 = $69,452
AND
T2 = $72,943
Now let's move on to the stop-loss in case of further market declines:
SL1 = $66,148
SL2 = $64,376
SL3 = $62,515
AND
SL4 = $59,857
Looking at the RSI indicator, we can see that we are in the process of recovery and there is still room for a price drop. When we look at the STOCH indicator, we can see that there is room for a temporary price increase before it recovers again.
Let's start by setting goals for the near future that we can include:
T1 = $69,452
AND
T2 = $72,943
Now let's move on to the stop-loss in case of further market declines:
SL1 = $66,148
SL2 = $64,376
SL3 = $62,515
AND
SL4 = $59,857
Looking at the RSI indicator, we can see that we are in the process of recovery and there is still room for a price drop. When we look at the STOCH indicator, we can see that there is room for a temporary price increase before it recovers again.