Clueless_Trader200

Short-term upside for BTC?

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
If the wicks are respected from previous highs, then this would be the first legitimate retest of this trendline as support. 19,700-20,000 zone has also acted as a support in the past so I'm expecting a short-term bullish move from here (also because 4 hour stoch is quite low and ready to turn back up). I'd feel more confident about this move if we can start seeing 4 hour closures above 20,300. If we can do that, I'd expect a move to about 21,000-21,200. I'm not expecting any breakouts unless we can start closing above 21,500.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.