Stoch RSI shows oversold on 1H chart. Tom Demark count gave a red 8 (shows end of the bear trend). There is huge support at 4150 area. In 2 hours we might touch 4150 then bounce to 4323 resistance area.
Wait till we get a green 2 on hourly chart which is a clear buy signal according to Tom Demark count (green candle closing over 4225)
Long at 4230.
Take profit at: 4320
Stop loss: 4150
Wait till we get a green 2 on hourly chart which is a clear buy signal according to Tom Demark count (green candle closing over 4225)
Long at 4230.
Take profit at: 4320
Stop loss: 4150
Trade active:
We had a red 2 which means we did not get a buy signal.
4200 is a solid support. MA and Fibonacci confirms this.
Most probably 4200 will hold and we will bounce from here.
My target has not changed. Wait for Green 2 and proceed. If 4200 breaks, stop loss at 4150. I do not recommend shorting BTC as the market sentiment and news are bullish.
4200 is a solid support. MA and Fibonacci confirms this.
Most probably 4200 will hold and we will bounce from here.
My target has not changed. Wait for Green 2 and proceed. If 4200 breaks, stop loss at 4150. I do not recommend shorting BTC as the market sentiment and news are bullish.