Looking at the 4hr time frame
BTCUSDT
we can see that a break below the trend line is possible if the price slides any lower. A break down would see the the 38% FIB ($7,250) and next support level come in to play.
However with the RSI currently sitting at 42, I believe this will fall to high 30's before a break to the upside pushing through the $8,300 resistance that has been tested 4 x.
BTCUSDT
we can see that a break below the trend line is possible if the price slides any lower. A break down would see the the 38% FIB ($7,250) and next support level come in to play. However with the RSI currently sitting at 42, I believe this will fall to high 30's before a break to the upside pushing through the $8,300 resistance that has been tested 4 x.
Trade active:
That played out nicely.
BTC is very aggressive, nothing is off the table. A six figure Bitcoin is a real possibility, and it may happen much quicker than people expect.
BTC is very aggressive, nothing is off the table. A six figure Bitcoin is a real possibility, and it may happen much quicker than people expect.