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x45lu
Oct 19, 2019 11:38 PM

Choppy Bitcoin action. Reversal soon? 

Bitcoin / TetherUSBinance

Description

Hello traders,

Looking the 4 hour chart, Bitcoin is trying to go above 1 week long down trend. We had breakout earlier today, and try to confirm blue trendline as support.

Bullish targets are indicated in red based on dynamic volume profile:
1) 8.18K
2) 8.35K
3) 8.55K

If we go below blue trendline, it will most likely re-test 7.7K again. I still want to see Bitcoin dips around 7.5K, which will create daily bullish divergence.

Trade closed: target reached

First target reached!
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