BITCOIN BTC USD : BITCOIN ON THE 4 HOUR LOOKING BULLISH
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We are looking at Bitcoin on the 4 hour, and its looking quite bullish to me. MACD and STOCHRSI are moving up, and price action is above the 50/100/200 SMA's. A move to $24,150-$24,350 before a small pull back to about $23,600. At the pullback around $23,600 we should bounce strongly and complete the move to the upper resistance of the expanding wedge around $26,000 An invalidation to this would be a closure below $22900 on the 4 hour and would initiate a move to next support at $21,300 to $22,000. A closure above the resistance around 26k on at least a 4 hour would initiate a move to $27,300 to $28,400. At that time we will re-evaluate and see if BTC goes for the full move to $31,000. This is not trading advice this is just my opinion. Thank you
We are looking at Bitcoin on the 4 hour, and its looking quite bullish to me. MACD and STOCHRSI are moving up, and price action is above the 50/100/200 SMA's. A move to $24,150-$24,350 before a small pull back to about $23,600. At the pullback around $23,600 we should bounce strongly and complete the move to the upper resistance of the expanding wedge around $26,000 An invalidation to this would be a closure below $22900 on the 4 hour and would initiate a move to next support at $21,300 to $22,000. A closure above the resistance around 26k on at least a 4 hour would initiate a move to $27,300 to $28,400. At that time we will re-evaluate and see if BTC goes for the full move to $31,000. This is not trading advice this is just my opinion. Thank you
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