If we are unable to hold here for the next week and then attempt to push through 8k. Expect a possible mid-long term bearish trend.
Bitcoin setup on H4. Smaller risk on this trade because of the high risk of volatility we are currently experiencing in the market. Entry is at the 78.6% Fib retrace and trendline with stops at the 110% Fib and target 1 at -0.27% which is $7210.
Another good looking chart, assuming BTC holds support and trades sideways for a bit... Another Oversold RSI on the 4hr with bullish divergence and increasing ltf volume. Looks good from here. #BQX/BTC Exchanges: Binance Signal Type: Regular Entry Zone: 2350-2375 Take-Profit Targets: 2550-2700-2800-2950-3350 Stop Targets: 2250 Manage your risk, never go all...
ETH has been hit hard in this latest move and we have highlighted a few areas that may give direction in the short term.