Folks,
Fresh update on the 4 hour chart on BTC/USDT..
I can say we have survived another little setback.. and thumbs up if you didn't panic sell and just sit back relax and watch bitcoin do his thing..
These is one barrier on the road to $57K and that is the test around $49K/$50K.
For now we are bullish again and we have closed above the black candle that set in the bearish decline. That is your confirmation!
Expect price to fall back closing support + testing 50 day MA.. If we hold it then look at the 2 path descriptions I have lined out for you.
+
Expect price to retest coming hours/days.. you can see the candles become small that implies of momentum is cutting down on the price..
Fasten your seatbelts and have a nice trading day!!
Like the content and follow for more to come and please feel free to comment..
Fresh update on the 4 hour chart on BTC/USDT..
I can say we have survived another little setback.. and thumbs up if you didn't panic sell and just sit back relax and watch bitcoin do his thing..
These is one barrier on the road to $57K and that is the test around $49K/$50K.
For now we are bullish again and we have closed above the black candle that set in the bearish decline. That is your confirmation!
Expect price to fall back closing support + testing 50 day MA.. If we hold it then look at the 2 path descriptions I have lined out for you.
+
Expect price to retest coming hours/days.. you can see the candles become small that implies of momentum is cutting down on the price..
Fasten your seatbelts and have a nice trading day!!
Like the content and follow for more to come and please feel free to comment..