Bitcoin on 4h chart.
Currently trading - 43 480 USD
Price is below bearish trendline. Volume for break is still low.
When bitcoin breaks trendline and makes valid retest, then is good time to entry.
In other case it could go down for test support on 42 maybe 37k.
For bullish movement is important to close daily (or 4h) above 44 800 USD and for ultra bullish is important to close above 53k.
Currently trading - 43 480 USD
Price is below bearish trendline. Volume for break is still low.
When bitcoin breaks trendline and makes valid retest, then is good time to entry.
In other case it could go down for test support on 42 maybe 37k.
For bullish movement is important to close daily (or 4h) above 44 800 USD and for ultra bullish is important to close above 53k.
Comment:
Bitcoin had nice uptrend to 48k. Now trend should continue, but problem is with entry. If you want to entry now, you will have huge SL so it makes no sence.
Volume is growing, this is good for uptrend and price should go up mor
We have weekend and some shakeout could come. Be carefull.
Volume is growing, this is good for uptrend and price should go up mor
We have weekend and some shakeout could come. Be carefull.
Trade closed: target reached:
Congratulation all who followed!
Daily candle looks good. It will be very important to close today's candle also green and on the weekend continue with uptrend.